rupee performance

Asian currencies gain as dollar weakens, but rupee lags on domestic headwinds

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Asian currencies gain as dollar weakens, but rupee lags on domestic headwinds

Mumbai: The dollar index has depreciated more than 12% in the past seven months to around 96 in July, from a high of 109.9 seen in January this year. This rapid decline is caused by tariff-related policy uncertainties, geopolitics, and a reset in the global economic order, prompting central banks and institutions to diversify away … Read more

Rupee’s worst is likely over, to gain in 2023: HDFC Bank treasurer

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Rupee’s worst is likely over, to gain in 2023: HDFC Bank treasurer

Mumbai: The Indian rupee is likely to have seen the worst in 2022 and could start making a recovery in the new year, giving the Reserve Bank of India a chance to replenish its foreign exchange reserves kitty, a treasurer at told Reuters. “The growth differential and future prospects of better returns will give the … Read more