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USD/INR Slumps to One-Month Low As Economy Forecast to Crash in 2020

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?

Indian Rupee Settles at Three-Month High on Foreign Inflows, Vaccine Hopes

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?

USD/INR Flat After Reserve Bank of India Cuts Interest Rates

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.

India’s GDP Growth Slows to Lowest in Six Years, Rupee Unfazed

The Indian rupee managed to gain on the US dollar today despite India’s relatively weak economic growth demonstrated last quarter.

Indian Rupee Weakens After Central Bank Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank cut interest rates.

Rupee Falls After India Announces Tariffs on US Goods

The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.

Indian Rupee Falls vs. US Dollar After RBI Cuts Interest Rates

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.

USD/INR Declines Following Thursday’s Interest Rate Cut

The Indian rupee traded higher versus the US dollar today following yesterday’s unexpected interest rate cut by the Reserve Bank of India.

Brazilian Real Sinks as Political Scandal Emerges

The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe.

Rupee Weakens as India’s Economic Growth Slows

The Indian rupee fell against the US dollar today among concerns about India’s slowing economic growth and the bout of risk aversion on the Forex market.

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