by Dhara Hariya | Oct 6, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), have decreased for a fourth consecutive week, reaching $586.91 billion as of September 29. This marks the lowest level in over five months, with a decline of $3.8 billion from the...
by Dhara Hariya | Sep 27, 2023 | Forex
Rupee’s Resilience: Despite a backdrop of weakening Asian currencies, the Indian rupee remained relatively stable on Wednesday. It closed at 83.22 against the U.S. dollar, just a slight deviation from the previous session’s closing rate of 83.23. This...
by Dhara Hariya | Sep 21, 2023 | Forex
In early Thursday trading, the Indian rupee displayed a slight weakening trend as exporters engaged in dollar sales, offsetting concerns about the surge in U.S. Treasury yields following a hawkish Federal Reserve policy. Here’s a summarized look at the key...
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....