Indian Rupee
Indian Rupee News
Dedollarisation: 22 countries exploring bilateral trade with India in rupees, says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman said these 22 countries are willing to settle bilateral trade in Indian rupee, 'because many of… those are running short of dollar’
How Indian rupee has been stable in last 10 years compared to currencies around the world
As India rose from being the 10th largest economy in 2014 to the 5th largest in 2023, why did the rupee go downwards?
Argentina dumps US dollar for Chinese yuan: How nations are jumping on the de-dollarisation bandwagon
Argentina has joined Brazil to be the latest south-American nation to dump the dollar and trade in the Chinese yuan. Nations across the world, including India, are indulging in de-dollarisation – a push back against the American currency’s hegemony across the world
Dumping the Dollar: Will a new BRICS currency replace the US currency for trade?
The BRICS collective, comprising Brazil, Russia, India, China and South Africa, is working on a common currency in an attempt to ditch the US dollar and push back against America’s dominance. The move comes as Moscow and Beijing call for de-dollarisation in the face of Western sanctions
Trade settlement between India, Malaysia now possible in Indian Rupee
"India International Bank of Malaysia (IIBM), based in Kuala Lumpur, has operationalised this mechanism by opening a Special Rupee Vostro Account through its Corresponding Bank in India i.e. Union Bank of India," the Ministry of External Affairs said in a statement on Saturday.
India launches new Foreign Trade Policy, guns to boost exports to USD 2 trillion by 2030, make INR global currency
India is likely to cross USD 765 billion merchandise and services exports in financial year 2022-23 which ends on Friday. The total exports were USD 676 billion in previous fiscal year
Indian rupee could be the new dollar, says ‘Doctor Doom’ Nouriel Roubini
Nicknamed as 'Doctor Doom' by Wall Street, Nouriel Roubini said overall there will be a process of de-dollarization over time
Sri Lanka, Russia to use Indian rupee for international trade, more countries in talks
Sri Lankan banks have reportedly opened special rupee trading account called - Special Vostro rupee accounts, or SVRA - for trading in INR
Indian rupee goes global, the likes of Cuba, Sudan want to follow suit
The Reserve Bank of India announced the setting up of a mechanism to carry out international trade in Indian rupees. The Indian government is looking at ways to bring countries that are particularly short of dollars into the ambit of the mechanism
Rupee gains 41paise to close at 78.65 per dollar
Against the odds, the Indian rupee and equities outperformed in the region as foreign institutions turned into net buyers of equities and debt. On the domestic share market front, the BSE Sensex and NSE Nifty advanced while the global oil benchmark, Brent Crude futures fell
'No need to be 'overtly' worried about fall in rupee,' says Economic Affairs Secretary Ajay Seth
The rupee for the first time touched a low level of 80 against the US dollar in intra-day spot trading at the interbank foreign exchange market on Monday
Explained: What the rupee falling to low of 80 against US dollar means for you
The Indian currency dropped to a record low of 80.05 against the US dollar. From more expensive holidays to costlier mobile phones, here’s how the rupee depreciation affects you
Weak currency, strong economy: How India is on the path to becoming ‘aatmanirbhar’
India is moving in the right direction to becoming self-reliant not only in the case of services, agriculture, and manufacturing, but also in energy and currency and in the mode of exchange
Rupee falls 16 paise to record low of 77.60 against USD
At interbank foreign exchange market, rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell
Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields
Forex traders said risk appetite has weakened amid rising bond yields in the US and mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks
Recep Tayyip Erdogan replaces finance minister as Lira hits record low against Euro
Nureddin Nebati, who replaced Lutfi Elvan, earlier served as deputy finance minister and has expressed his determination to continue the policy of lowering the discount rate
Rupee rises 16 paise against US dollar in early trade; dollar index up by 0.04%
The global oil benchmark Brent crude futures fell 2.03 percent to USD 82.86 per barrel
Rupee slips by six paise to 75.02 against US dollar in opening trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 percent to 93.88
Rupee recovers 12 paise to end at 74.96 against US dollar
At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade
Rupee rises nine paise to touch 74.33 against US dollar in early trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 92.08