The Indian rupee hit a record low on Tuesday, hurt by lingering concerns over the impact of steep U.S. tariffs and a sharp jump in H-1B visa fees, though likely central bank intervention helped limit the losses. The currency slid to 88.7975 per dollar before closing at 88.7550, down 0.5% on the day in its … Read more
The Indian rupee plunged to a record low, breaching the psychological 88-per-dollar mark for the first time amid mounting fears that US tariffs could undermine the country’s economic growth and strain its balance of payments, further hitting already fragile portfolio inflows, treasury dealers said. Before closing at 88.19, the rupee fell to 88.31 to the … Read more
Mumbai: Domestic firms including Credila, Muthoot Finance and Hero FinCorp are rushing to tap offshore markets after S&P Global Ratings upgraded India’s sovereign rating to BBB from BBB-, the nation’s first upgrade in 18 years. They are eyeing more than $2 billion in overseas fundraising in the coming weeks, according to people familiar with the … Read more
New Delhi: India’s economy faces significant risks from steep US tariffs, with export-heavy sectors such as textiles, gems and jewellery, food and marine products likely to bear the brunt, said Aurodeep Nandi, India Economist at Nomura. While smartphones, pharma and petroleum products remain exempt, nearly 30–40% of India’s export basket is directly exposed to the … Read more