On August 25, the rupee traded at 83.84 against the dollar, a record low for the Indian currency
currency market
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Indian rupee predicted to see sharp fall in first quarter to almost 85 per US dollar
The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
currency crisis
Indian rupee slips to an all-time low against US dollar
The rupee is currently at 82.80 on Friday, but is expected to go well below 83
currency crisis
Rout in rupee continues, Indian currency plunging to record low of 82.70 against US dollar on Monday
Currency market experts predict further weakening of rupee in near-term basis due to anticipation of aggressive tightening by the US Federal Reserve and predictions of crude prices ending this week with major gains
British pound
Exchange bureaus offer 85 cents for one pound sterling
British pound continues slump after UK mini budget
British pound
British pound hits record low against UAE dirham
The all-time low came after the UK’s biggest tax cuts in 50 years
British pound
Pound set to fall below dollar as sterling crashes again
Fall comes after UK mini-budget saw huge tax cuts
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
currency market
Plunge in rupee value to push up remittances from Gulf-based expat Indians
Rupee was trading at 78.05 INR to US dollar and 21.25 INR against AED in the early trading hours on Tuesday
currency market
Indian rupee could fall to 77 against dollar on concerns on FII outflow, high crude prices
Gulf-based expat Indians account for a larger share of NRI remittances to India, which tend to surge whenever the rupee tumbles
currency market
Indian rupee predicted to fall to 76 against dollar on rising dollar index, crude prices
The weakening trend of rupee is expected to lead to a surge in non-resident Indian (NRI) remittances to the South Asian country, as expats can earn more bucks for each dollar remitted
currency market
US dollar outlook is negative for coming weeks
The dollar started to lose traction at the end of July as the Federal Reserve made clear that they’re in no hurry to tighten policy, meaning they’re not planning to raise interest rates anytime soon
currency market
Indian rupee likely to fall, could spur another surge in remittances from Gulf-based Indians
India’s currency is likely to fall in the short-term as US President Joe Biden’s infrastructure spending initiative is likely to raise USD and rising Covid-19 cases in India
2020 US Election
Behind the US dollar’s turbulent year
Losses in the greenback on a trade-weighted basis have topped 10% since March
coronavirus
Video: Currencies are trading sideways as world economies battle the pandemic
Most currencies matched against the US dollar dropped in March, bounced and are now trading sideways.
currency market
Rupee slides against US dollar amid pressure from fiscal deficit, elections
Rising crude prices and uncertainty about the outcome of India’s ‘Election 2019’ will also have negative impact on rupee