The Rise Of Rupee: Indian Rupee Going To Takeover the Dollar Soon?
Indian Rupee is in the Race to take over the American Dollar. More than 18 countries have agreed to use Rupee for International trade with India. After this more than 35 countries have shown their interest to trade in Indian Rupee. The global importance of the Indian Rupee has risen in the last few years after India-Russia, India-UAE and India-Singapore agreements on trade deals in INR. Which has also led to a decrease of the use of dollars in international trade.
Aug 11, 2023, 11:40 AM IST
Rupee vs Dollar: Rupee rises 35 paise to 81.58 against US dollar
In initial trade, the rupee also touched 81.75 against the American currency. On Wednesday, the rupee plunged below the 82-mark for the first time in intraday trade before settling 40 paise down at 81.93 against the dollar.
Sep 29, 2022, 11:24 AM IST
Rupee vs Dollar: Rupee falls 27 paise to 78.80 against USD in early trade
Experts said foreign portfolio investor (FPI) flows have turned around in domestic equities and Crude oil prices have also been steady. This has reduced pressure on the rupee.
Aug 03, 2022, 10:18 AM IST
Rupee slips 11 paise to 70.60 vs USD in opening trade
The rupee Tuesday had strengthened by 43 paise to close at 70.49 against the US dollar.
Mar 06, 2019, 10:14 AM IST
Rupee gains 11 paise to 70.81 vs USD in early trade
Meanwhile, foreign investors (FIIs) remained net buyers in the capital markets, putting in Rs 198.38 crore on a net basis Friday, as per provisional data.
Mar 05, 2019, 10:35 AM IST
Rupee rebounds against dollar, up 15 paise at 66.73
In a smart rebounds, the Indian rupee on Tuesday gained a good 15 paise against the dollar to end at 66.73 on fresh bout of the US currency selling by exporters and banks amid weak overseas sentiment.
Oct 18, 2016, 21:53 PM IST
Rupee ends 11 paise down at over 3-wk low of 66.93 against US
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar on persistent demand for the American currency from banks and importers amid sharp fall in equities.
Jan 07, 2016, 18:52 PM IST
Rupee down 10 paise to 66.92 against dollar in early trade
The rupee was trading lower by 10 paise at 66.92 against the dollar in early trade at the Interbank Foreign Exchange on Thursday on sustained foreign fund outflows amid increase demand for the US currency from importers.
Jan 07, 2016, 11:49 AM IST
Rupee down 22 paise against dollar in early trade
The rupee was trading lower by 22 paise at 66.82 against the dollar in early trade at the Interbank Foreign Exchange market on increased demand for the US currency from importers.
Jan 06, 2016, 11:17 AM IST
RBI likely intervened to curb rupee fall
Indian state-owned banks were likely selling dollars on behalf of the Reserve Bank of India (RBI) to cap losses for the local currency, three FX traders told Reuters.
Jan 05, 2016, 16:44 PM IST
Rupee ends steady at 66.83 vs US dollar
Breaking a five-session downfall, the rupee finished a tad higher against the American currency at 66.83 on mild selling of the dollar.
Dec 09, 2015, 19:20 PM IST
Rupee hits new 2-year low of 66.84 Vs USD
Plunging to its fresh two-year low against the US dollar, the rupee Tuesday lost 11 paise at 66.84 on consistent demand for the American currency from banks and importers.
Dec 08, 2015, 19:09 PM IST
Rupee falls for fourth straight session, closes at 66.73 against US dollar
Extending its fall for the fourth straight session, the rupee depreciated by another four paise to close at 66.73 against the greenback on firm dollar demand from importers.
Dec 07, 2015, 21:43 PM IST
