The Indian rupee is weakening against its US peer at the end of the trading week, driven mostly by the continuing economic contraction and the rising number of coronavirus infections. The rupee has joined the rest of the emerging market currencies by slumping in 2020 amid the financial crisis. But with growing confidence in the broader financial market, the rupee has found support among EM currencies in November.
The Indian rupee is attempting to muster up some momentum to finish the trading week amid positive economic data and improving COVID-19 cases. The rupee, which has struggled since the height of the market meltdown earlier this year, has joined the broader weakness in emerging markets. But with renewed risk appetite and a potential vaccine on the way, could the rupee enjoy a better 2021?
The Indian rupee is slumping to a one-month low against the US dollar, driven by a bleak forecast for the developing country’s economy in 2020. But while market observers are anticipating an economic contraction, officials are looking ahead and expecting improvements across the nation. But could the rupee threaten its gains over the last few months?
The Indian rupee is settling at its best level against the US dollar in three months as foreign inflows and vaccine hopes elevated the currency. The rupee has been Asia’s worst-performing currency this year, driven primarily by the coronavirus pandemic and volatility in global financial markets. Could analysts’ forecasts of further appreciation in the second half of 2020 come true?
The Indian rupee traded about flat versus the US dollar today following an interest rate cut from India’s central bank. The bank loosened its monetary policy to support economic growth, which is struggling amid the global economic slowdown.
The Indian rupee managed to gain on the US dollar today despite India’s relatively weak economic growth demonstrated last quarter.
The Indian rupee fell against the US dollar today after India’s central bank cut interest rates.
The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.
The Indian rupee fell against the US dollar today after India’s central bank decided to cut interest rates at today’s monetary policy meeting.
The Indian rupee traded higher versus the US dollar today following yesterday’s unexpected interest rate cut by the Reserve Bank of India.
