Search Results for "Rupee"
Rupee Plummets Near 96 as Oil Tops $100, Foreign Selling Accelerates
The Indian rupee opened weaker against the US dollar, hovering near 96, driven by crude oil prices above $100 per barrel and persistent foreign investor selling. The Reserve Bank of India is interveni…
We Seem to Be Learning That Currency Depreciation Is Not Always Bad: Panagariya
Arvind Panagariya, chairman of the 16th Finance Commission, outlines the benefits of a weaker rupee for exports. He stresses that rising import costs can maintain the competitiveness of domestic produ…
Rupee Plunges 16 Paise to 96.13 Against US Dollar as Oil and Yields Bite
The Indian rupee weakened by 16 paise to 96.13 against the US dollar in early trade on Monday, pressured by firm oil prices and rising US nominal and real yields. Forex traders said the combination is…
