Indian Rupee

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