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Rupee ends winning streak as imports rise

Currency dealers still believe that rupee has the potential to recover to Rs250-260/$ in the coming weeks and months

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Rupee exhibits signs of stability, here are some factors contributing to it

In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation

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Exporters unable to leverage rupee depreciation to boost export order value: Industry

There is a shortage of foreign exchange with India’s major export destinations, including Latin America and Africa.

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Rupee ends at record closing low, likely RBI intervention helps cap losses

The local unit fell to a record low of 83.4550 earlier in the session, likely prompting the RBI to intervene

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Can India make the world use rupees instead of dollars? Maybe, but not yet

For the rupee to go global, India’s economy must expand and diversify and offer the world a large number and variety of high-quality goods as potential exports.

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rupee rate today: Rupee ends at record closing low of 83.43 against dollar pressured by Asia FX

The currency was weighed down by dollar demand from local oil companies. Thai baht and Chinese yuan weaken. Importers pressure rupee. Forex trader mentions foreign banks selling dollars. Derivative contracts cause turmoil.

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Need to ensure re gains currency globally: PM

Modi emphasizes RBI's role in globalizing the rupee, enhancing India's economic growth. Efforts include digitizing payments, improving banking sector, exploring AI, ML, and supporting emerging sectors like tourism and space projects for future economic development.

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Before Market Opens: 9 essential things to know at 9 am on April 2, 2024

Before Market Opens: Indian markets are likely to extend gains on Tuesday following gains in Asian peers even though Wall Street ended lower in overnight deals. Meanwhile, Gift Nifty was trading 59 points higher. Let's take a look at some key cues before the market opens today:

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Need to ensure Rupee gains currency globally: PM Modi

Modi emphasizes RBI's role in globalizing the rupee, enhancing India's economic growth. Efforts include digitizing payments, improving banking sector, exploring AI, ML, and supporting emerging sectors like tourism and space projects for future economic development.

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rupee rate today: Rupee ends flat, wedged between weak Asian peers and exporters' dollar sales

The Indian rupee ended little changed on Tuesday after hovering in a tight band through the session as dollar sales by exporters helped offset weakness in the currency's Asian peers.

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