The "Trump Tantrum," referring to the impact of Donald Trump's presidency on the Indian rupee, is likely to be a short-term phenomenon, says a report by State Bank of India (SBI).
Malviya highlighted key metrics, such as India's "reduced current account deficit, strong foreign exchange reserves, and restrained external debt growth," which he said have contributed to the rupee's stability despite global challenges.
Taking to her official handle on X, Vadra posted, "The value of rupee against the dollar has reached its lowest level ever. For the first time in history, the value of one dollar has become 86.4 rupees.During Dr. Manmohan Singh's tenure, when the value of one dollar was 58-59 rupees, Nare
Indian stock markets closed in the negative territory on Thursday with the Sensex and Nifty, both ending the day lower, as concerns over currency weakness and muted earnings expectations weighed on investor sentiment.
The Indian rupee opened strong on Tuesday morning as compared to the all-time low it tasted during the previous session. At the time of filing this report, the rupee traded at 85.75 against the US dollar, vis-a-vis an all-time low of 85.84.
The equity benchmarks shed over one per cent during the trading session on Monday, impacted measurably by the global cues, weakness in the Indian rupee, and detection of human metapneumovirus (HMPV) in India.
The upcoming second term of the US President Donald Trump (Trump 2.0) will be beneficial for the equity market and US Dollar while it is negative for the bonds markets, according to a report by Union Bank of India.
The 'Sheesh Mahal' controversy centres around allegations that Arvind Kejriwal spent crores of rupees renovating his official residence during the Covid-19 pandemic, a period when many public development projects were stalled.
PM Modi further said that he had come to address the gathering after inaugurating development works for Delhi worth thousands of crores of rupees. He added that the coming 25 years will remain crucial for the future of the entire country and Delhi's contribution was necessary in the 'Viks
Uttarakhand DGP handed over an accident insurance amount of rupees one crore to the dependents of late ASI Kanta Thapa, an official release said on Thursday. Kanta Thapa, posted in Uttarkashi, died untimely in a road accident on Haridwar Bypass Road, Dehradun, on July 20 last year while pe