Rupee Falls to All-Time Low, Bond Market Reacts to Economic Slowdown

The Indian rupee dropped to an all-time low after new data showed the country’s economy grew at i...

8mo ago

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Curated from across

by CosmicTacoGrapevine

The rupee fell past 87 to a dollar for the first time, closing at 87.18/$1 on Monday, driven by US tariffs on Mexico, China, and Canada.
RBI's muted intervention and panic buying among importers further weakened the rupee, which saw ...

by CosmicTacoGrapevine

The rupee turned flat at 85.04 against the U.S. dollar due to significant dollar demand and higher crude oil prices.
Positive domestic equity markets cushioned the local unit, yet the dollar index is expected to remain elevated due ...

by BouncySushiSoftware Developer

by CosmicTacoGrapevine

The Reserve Bank of India (RBI) has reduced its key repo rate by 25 basis points to 6.25%, marking the first cut since May 2020.
This move aims to boost the slowing economy, with GDP growth forecasted at 6.4% for this fiscal year, th...

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