Rupee outlook: Do Venezuela crisis, Trump action signal rough ride for Indian currency? What analysts expect – The Times of India

Rupee outlook: Do Venezuela crisis, Trump action signal rough ride for Indian currency? What analysts expect – The Times of India

Rupee might be headed in for a volatile ride this week! The currency has remained under pressure for the past year, weakening by nearly 5%, even hitting a record low of 91.14 against the dollar, before recovering. Over the past two weeks, rupee has declined continuously dragged down by strong year-end demand, slipping below the…

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RBI carves path for rupee’s use in cross-border trades – The Times of India

RBI carves path for rupee’s use in cross-border trades – The Times of India

MUMBAI: RBI has announced measures to promote internationalisation of the rupee, aiming to expand its use in trade, financing, and investment while reducing dependence on the dollar. The move comes even as the US is pressurising emerging markets from moving against the dollar.Financial Benchmarks India (FBIL) will publish reference rates for select currencies of India’s…

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