Dollar News

The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India.

Rupee opens stronger Rupee shows limited response to US tariff Trump imposes additional 25% tariff on Indian imports

One reason for the strength of the rupee against the dollar is the sharp decline in crude oil. 

FY25 was an interesting year for the rupee as it underwent periods of stability, rapid depreciation and consolidation thereafter. 

In a big relief for banks, RBI Governor Sanjay Malhotra had also announced the postponement of the proposed Liquidity Coverage Ratio (LCR) as well as project financing norms by a year. 

If you are travelling abroad and wondering how much foreign currency you can carry in cash from India, here are some important points you must know  

On the domestic equity market front, Sensex advanced 611.90 points, or 0.75 per cent, to close at 81,698.11 points. The Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60 points. 

Media reports have stated that a 50-year longstanding Petrodollar deal between Saudi Arabia and the United States has lapsed in July. What does it mean? We explain. 

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.

Gold reserves increased USD 269 million to USD 47.481 billion during the week, the RBI said.

The drop was exactly in line with the market speculation that the domestic currency would face a fresh round of depreciation.

Indian Rupee is in the Race to take over the American Dollar. More than 18 countries have agreed to use Rupee for International trade with India. After this more than 35 countries have shown their interest to trade in Indian Rupee. The global importance of the Indian Rupee has risen in the last few years after India-Russia, India-UAE and India-Singapore agreements on trade deals in INR. Which has also led to a decrease of the use of dollars in international trade.

India's Prime Minister Narendra Modi has returned from a successful tour of France and UAE..But in this tour, India's economic agreements with two big countries of the world have increased the credibility of Indian Rupee..Now it is being discussed in the world. Can Indian rupee become a substitute for dollar for trade? Has Prime Minister Modi done the work of strengthening the rupee further? Behind this discussion is a gamechanger agreement between India and UAE, according to which now India and UAE will do business in rupees and dirhams and not in dollars.

Indian Prime Minister Narendra Modi went to Egypt after visiting America. After which now PM Modi has gone to UAE after France. Modi is being felicitated tremendously in Muslim countries. So there now trade between UAE and India will be done in rupees and not in dollars.

Investors are keenly awaiting the interest rate decision by the US Federal Reserve due on Wednesday.

On Monday, the rupee settled at 81.92 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 percent to 105.80 on Wednesday.

Economically bad Pakistan has got another blow. The Shehbaz Sharif government of Pakistan has decided to recover the waived electricity bill from the people. During the flood, the government of Pakistan waived the electricity bill of the people.

The dollar has appreciated by 4.4 percent in terms of the dollar index.

The rupee pared its initial losses and settled 44 paise higher. The rupee closed at 81.25 against USD. Rising crude oil prices capped the gains in the rupee, traders said.