Written by 
Representational image. File The rupee fell 3 paise to close at 84.32 (provisional) against the U.S. dollar on Tuesday (November 26, 2024), as the greenback strengthened on Donald Trump’s tariff plans and a muted trend in domestic equities. Forex traders said U.S. President elect Donald Trump’s comments that he would impose additional 10% tariffs on […]
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee will be under pressure on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Canada and Mexico and levy an additional 10% tariff on Chinese products, boosting the U.S. dollar. The 1-month non-deliverable forward indicated that the rupee will open at […]
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open near its lifetime low on Thursday and possibly decline further through the session, fueled by bets that Donald Trump’s U.S. presidency will herald a period of a stronger dollar and higher U.S. interest rates. The 1-month non-deliverable forward indicated that the rupee […]
Reemphasising the need for fair tax distribution, Karnataka Chief Minister Siddaramaiah noted that the state receives only about Rs 55,000-60,000 crore from the Centre after contributing over Rs 4 lakh crore in taxes. “We are only getting 14 paise to 15 paise of every one rupee of our contribution. No one should milk a milch […]
By Rahul Trivedi BENGALURU (Reuters) – The Indian rupee will trade in a tight range around current levels against the dollar over the coming year as the Reserve Bank of India (RBI) routinely dips into its FX reserves to manage the currency’s stability, a Reuters poll found. Abandoning its earlier policy of intervening only during […]
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is poised to open nearly flat on Friday amid a rally in the dollar index and U.S. rates and expectations that the country’s central bank will aid the local currency. The 1-month non-deliverable forward indicated that the rupee will open barely changed to the U.S. dollar […]