The Indian rupee hit a record low of 90.43 against the US dollar, marking its fastest decline in under a year. This depreciation is driven by foreign portfolio investment withdrawals, trade deficits, and a strong dollar, despite RBI interventions. However, the government remains optimistic about currency improvement and foreign direct investment inflows next year.
Related Posts
Toronto Maple Leafs’ Matthew Knies attends Grant Cruikshank and McKenna’s wedding in Wisconsin
Toronto Maple Leafs forward Matthew Knies joined the celebration of his former Minnesota Gophers teammate, Grant Cruikshank, who married McKenna in Wisconsin. The wedding added […]
Trump’s tariff war: How India, China & Russia are testing US power – what’s next
President Trump’s trade policies, including tariffs on Indian goods, are pushing India towards closer ties with China and Russia. This potential alignment, facilitated by Russia, […]
‘Gathering of friendship’: China welcomes PM Modi for SCO Tianjin Summit
China has extended a warm welcome to Prime Minister Narendra Modi for the upcoming Shanghai Cooperation Organization (SCO) Summit in Tianjin, scheduled for August 31 […]