Dealers attributed the rupee’s persistent fall to increased demand for the US currency from importers and foreign fund outflows.

Jamal Mecklai Speaks On Tracking Forex Trends

In case the government buckles under US pressure, the likely result could be a faster appreciation of the rupee

The U.S. Treasury’s semi-annual foreign exchange policy report is typically watched for statements on the Chinese currency. This year’s report, however, is more notable for the addition of the Indian currency to the‘watch list’ of nations that may be intervening excessively in their foreign exchange markets and distorting trade flows.

You may have been thinking that you have heard this line before. Well, we do not want to keep it secret from you but we have just revised an old line in our article.

Talking to ET Now, Upasna Bhardwaj, Kotak Mahindra Bank, says with global conditions being adverse and our own balance of payment gradually turning to the negative side, we are expecting a depreciation in the rupee.

We believe the Indian Rupee or INR’s strength in recent months can be partly attributed to the rating upgrade.

Impact on Currency Markets: Post Budget Analysis

Asia’s four biggest economies—China, India, Japan and South Korea—all saw significant currency gains. What’s peculiar, though, is the lack of panic

Every Indian currency note prominently bears a promissary message from the Reserve Bank of India Governor, which states: “I promise to pay the bearer the sum of (the respective currency denomination value).”