Senior Congress leader Jairam Ramesh addressing the media at AICC, in New Delhi. File. | Photo Credit: Sushil Kumar Verma The Congress on March 24 targeted Prime Minister Narendra Modi on the issue of falling value of the Indian rupee against the U.S. dollar, and sought answers from him. Congress general secretary Jairam Ramesh said … Read more
The Indian rupee tested a series of record lows in recent weeks and Standard Chartered Plc. foresees more losses for the currency in the coming months. “The main two factors that are building up that can weaken the rupee are mainly on the worsening trade and capital flow dynamics,” Parul Mittal Sinha, head of India … Read more
NEW DELHI: The rupee weakened past the psychologically significant 76 per US dollar level on Wednesday, shedding as much as 0.3 per cent in early trade as fear of foreign fund outflows intensified following the global strengthening of the US dollar, dealers said. With the greenback remaining firm at over-one-week high, traders rushed to square … Read more
The rupee is on a roller coaster ride. Last week, Indian rupee weakened by 47 paise as importers rushed to cover their dollar payables. It opened around the 73 mark, and gradually lost ground against the US dollar to touch a low of 73.87 before bucking the trend on Thursday to end at 73.50. Along … Read more