77th Independence Day: The Rise Of Indian Rupee In The World; Will INR Replace US Dollar?
It might take some time for the currency to top the charts, but clearly the stage is set for the Indian Rupee to replace the dollar in the coming years. It
Aug 15, 2023, 08:48 AM IST
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
Big Update On Indian Currency: The world is ready to trade in Indian rupees!
The popularity of the Indian rupee in international trade is continuously increasing. So far, the dollar has had a major share in global trade and most of the countries of the world use dollars to buy and sell goods from each other. Many countries of the world have taken interest in using rupee for international trade.
Jul 23, 2023, 23:38 PM IST
Rupee Declines 9 Paise To 82.05 Against Dollar Amid Geopolitical Worries
However, the local currency retreated from early highs amid volatile stock markets and touched a low of 82.05 in afternoon trade at the interbank foreign exchange market.
Jun 26, 2023, 16:21 PM IST
Rupee Likely To Strengthen Towards 79 By End-FY24: UBS Securities
Jain said the Reserve Bank will cap any significant rupee gains to rebuild buffers (forex reserves) to provide insurance against potential global spillover.
Apr 04, 2023, 14:53 PM IST
Rupee Rises 9 Paise To 82.31 Against Us Dollar In Early Trade
At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed to 82.31, registering a rise of 9 paise over its previous close.
Mar 27, 2023, 10:02 AM IST
DNA : 'Rupee' has come to compete with dollar in Global Trade
Now India's rupee has made an entry in Global Trade as well. Soon many countries of the world will start trading with India in rupees. 18 countries of the world have shown interest in doing business with India in rupees.
Mar 21, 2023, 00:30 AM IST
Rupee To Replace Dollar? Indian Money Nearer To Become International Currency -- Check List Of Countries Agreed To Trade In INR
The latest report says that as more nations try to de-dollarize international trade, the Indian rupee is getting closer to becoming a recognised currency.
Mar 17, 2023, 14:06 PM IST
Seven countries including Pakistan at high risk of currency crises
The Japanese bank said that 22 of the 32 countries covered by its in-house "Damocles" warning system have seen their risk rise since its last update in May, with the largest increases in the Czech Republic and Brazil, Geo News reported.
Nov 24, 2022, 10:34 AM IST
No prospect of recession in India, economy to grow 6-7 percent in next fiscal: Rajiv Kumar
Elaborating further, former Niti Aayog vice chairman said that like Punjab is a double landlocked state and Tamil Nadu is a coastal state and it has centuries of trading experience. "So, to have the same policies of both those states, for example, is not relevant.
Nov 20, 2022, 13:07 PM IST
Rupee gains 45 paise to close at 81.90 against US dollar
The local unit finally settled at 81.90, registering a rise of 45 paise over its previous close amid a positive trend in domestic equities. On Friday, the rupee had appreciated by 53 paise to close at 82.35.
Nov 07, 2022, 17:34 PM 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 rises 37 paise to 81.30 against US dollar
At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close.
Sep 27, 2022, 10:19 AM IST
Rupee falls 43 paise to all-time low of 81.52 against US dollar
Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped the investor appetite, forex traders said.
Sep 26, 2022, 10:14 AM IST
Rupee slips below 81-mark against US dollar for first time in early trade
Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.
Sep 23, 2022, 11:27 AM IST
Rupee vs Dollar: Rupee falls 19 paise to close at 79.64 against USD
Forex traders said the US dollar index witnessed an upturn after the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 percent to 106.68.
Aug 18, 2022, 17:02 PM IST
From 4 to 80: A look back at journey of Rupee since India's Independence
Keeping other aspects of the economy aside, let us have a glance at how the Indian currency rupee fared against other global benchmark peers since 1947. The value of a country`s currency is a key indicator for gauging its economic pathway.
Aug 15, 2022, 09:37 AM IST
3 out of 4 Indians concerned on affordability of essential household needs due to Massive depreciation of Rupee
The Indian rupee last week crossed its all-time low exchange rate of 80 against the US dollar. This means that the dollar to rupee rate has moved from 1:38 in July 2007 to beyond 1:80 in July 2022 in relative economic terms, said a LocalCircles study.
Jul 25, 2022, 09:05 AM IST
'You buy an umbrella to use when it rains': RBI Governor on using forex reserves
Das said in recognition of the fact that there is a genuine shortfall of supply of forex in the market relative to demand because of import and debt servicing requirements and portfolio outflows, the RBI has been supplying US dollars to the market to ensure that there is adequate forex liquidity.
Jul 22, 2022, 16:06 PM IST
DNA: Dollar Vs Rupee -- How fall in currency will affect India?
The weakening of the rupee against the dollar is not breaking news and we have become accustomed to it over the years. This is also because this decline has continued in this way in every government. But the big question is, how worrying is this fall in the rupee?
Jul 21, 2022, 00:08 AM IST
