Trump, rupee and tariffs
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Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said, "Rupee traded up by 0.09 at 88.7, while the dollar index stayed flat. Despite the marginal gains, persistent FII selling has kept overall sentiment weak, while elevated global gold prices also weigh on the rupee as India remains a major net importer."
The Indian rupee dropped to an all-time low on Tuesday, with pressure intensifying after the U.S. raised visa fees, worsening an already weak outlook for the currency. The rupee declined to a lifetime low of 88.
The Indian rupee is hovering near record lows despite a weakening US dollar. Foreign outflows, higher US tariffs, visa fee hikes, and persistent trade concerns have fuelled the decline. The RBI’s interventions have limited volatility,
The rupee at a historic low against the US dollar increases inflation, raises overseas education and travel costs, impacts investments, and heightens debt burdens, straining overall personal finances.
The Indian rupee is coming under increased strain with rising dollar demand linked to gold imports coinciding with concerns over the impact of a U.S. visa fee hike, according to bankers. Dollar demand from jewellers has risen nearly three times the normal level in recent days,
The USD/INR exchange rate soared to 88.7, up by almost 6% from its lowest level in April this year. What next for the Indian rupee?
The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as a surprise that in recent months the RBI has been talking up the internationalization of the rupee,
The Indian rupee is likely to maintain its depreciation bias on Thursday even as traders anticipate the central bank's interventions to avert sharp declines, while foreign portfolio outflows and concerns over U.
At 10:30 a.m. IST, the rupee stood at 88.6250 against the U.S. dollar, marginally stronger than Wednesday’s close of 88.69.
The Indian currency has depreciated by around 6% against the US dollar since early May, yet policymakers and markets appear less alarmed than usual.
The Indian rupee fell to an all-time low on Tuesday, sliding to 88.62 against the U.S. dollar, surpassing the previous record of 88.4550
16hon MSN
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