September 19, 2025 11:51 pm
Since US tariffs are a big reason, possibly the biggest one, for the slide in the value of the rupee, Nageswaran’s statement provides hope
May 23, 2025 11:56 am
Former RBI governor Raghuram Rajan suggested the introduction of Rs 5,000 and Rs 10,000 notes, which was rejected, and Rs 2,000 notes were issued instead on May 18, 2016.
April 12, 2025 1:14 am
The dollar weakened as Trump surprised financial markets by reversing steep tariff measures that had been enacted just a day earlier.
February 21, 2025 7:25 am
In the spot market, the RBI’s dollar sales stood at $45 billion in the third quarter—$15.15 billion in December 2024, $20.22 billion in November and $9.27 billion in October—while it bought dollar worth $9.63 billion in September 2024, according to RBI data.
January 29, 2025 10:27 pm
The rupee closed at 86.5225 against the dollar, down 0.2% on the day, its biggest one-day percentage fall since Jan. 16.
January 19, 2025 10:24 pm
Since December 10, rupee has depreciated 2.12% against US dollar to touch 86.62
January 16, 2025 3:57 am
The local currency closed at 86.36 against the greenback, witnessing the biggest single-day gain since June 3, 2024, compared to the previous close of 86.64, a lifetime low. The rupee touched a high 86.30 during intraday trades on Wednesday.
January 15, 2025 9:30 pm
At the interbank foreign exchange, the Indian rupee opened at 86.57 and pared further losses to trade at 86.49 against the US dollar in initial deals, 21 paise higher from its previous close.
January 11, 2025 10:28 pm
The rupee's fall below the psychologically important 86 level is likely "sooner rather than later," a trader at a foreign bank said.
January 11, 2025 10:29 pm
This has contributed to a fall in India’s foreign exchange reserves, which dropped to an eight-month low of $640.28 billion in December.