India’s rupee trade settlement mechanism, which was set up by the Reserve Bank of India in July 2022, is attracting interest from more countries apart from Russia. The mechanism is a means of using rupees instead of dollars and other big currencies for international transactions in order to promote growth of global trade with emphasis […]
The rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on today amid unabated foreign capital outflows and a strong dollar in the overseas markets. Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local […]
The Indian rupee on 22 September fell to all-time low of 81.20 against US dollar in early trade on the back of US Treasury yields climbing to fresh multi-year highs and dollar demand from importers. Currently the rupee had suffered its biggest single session percentage decline since February, due to […]
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