The Indian rupee is expected to remain under pressure in the near term, trading in a range of 84-84.5 per US dollar, according to a report by Bank of Baroda.
This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign institutional outflows.
While many EM Asian countries have been hard hit, India's position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.
Amid the rising possibility of Donald Trump returning to White House, the dollar on Wednesday strengthened while the Indian rupee hit all-time low of 84.25 against US dollar.
UBS also predicts gold will climb to USD 2,850 per ounce by mid-2025 and USD 2,900 by the third quarter of 2025, further underscoring its bullish outlook on the metal. The rally in gold prices has been supported by declining US real interest rates, central bank purchases, and a seasonal reco
Ahmedabad (Gujarat) [India], September 3: Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has announced the launch of its offshore branch at Gujarat International Finance Tech-City (GIFT City), India's first International Financial Services Centre (IFSC). T
The Pakistan government has postponed the opening of the nearly USD 250 million New Gwadar International Airport (NGIA) due to security concerns, marking a setback in efforts to boost Chinese investment in the struggling economy, according to Nikkei Asia.
The Indian rupee depreciated versus the US dollar on Monday to touch its all-time low, tracking global heavy selling in stock markets, over risks that the US may potentially slip into recession.
The Rouse Avenue court on Thursday remanded Shubham Jain, Ambuj Mathur Shailender Kumar Gautam in four days and Abhishek Bisht in two days CBI custody.
The Rouse Avenue court on Wednesday extended the CBI custody of the two accused, Dhairya and Dhruv Khattar, to another three days. The court remanded one accused to judicial custody.