Rupee may stage a comeback in second half of 2023: Shinhan
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
Rupee will find its own level, says Nirmala Sitharaman
The rupee opened at 82.68 against the US dollar at the interbank foreign exchange.
This is the fourth consecutive session of loss for the domestic currency.
The Indian rupee has depreciated by 5.1%, which is among the lowest in the world, says RBI governor Shaktikanta Das.
The domestic currency has been in a freefall for the past few weeks due to strengthening greenback.
The rupee tumbled against the dollar to settle at a historic low of 78.40 against the US dollar.
The local currency plunged 36 paise to a lifetime low of 78.29 against the US dollar.
The local currency opened at 77.56 against the US dollar and hit an all-time low of 77.58 versus the greenback.
The rupee opened at 77.17 against the US dollar at the interbank foreign exchange.