by Dhara Hariya | Sep 20, 2023 | Forex
India’s central bank, the Reserve Bank of India (RBI), took action to prevent the rupee from sliding to a historic low, according to reports from four traders interviewed by Reuters. The currency market had been closely monitoring the rupee’s performance,...
by Dhara Hariya | Sep 14, 2023 | Forex
Introduction In recent trading sessions, the Indian rupee has been on a rollercoaster ride, with multiple factors influencing its value against the US dollar. This article explores the key developments and market dynamics affecting the rupee’s performance....
by Dhara Hariya | Sep 13, 2023 | Forex
The Indian Rupee (INR) recently appreciated to 82.92 against the US Dollar (USD), but its gains were tempered by a stronger USD and rising crude oil prices. The INR is expected to face resistance near 83.10 and may retrace towards 82.80 due to strong factory output...