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Dollar News

19 Sep 2024

Travelling Abroad? Know How Much Cash Foreign Currency You Can Carry

If you are travelling abroad and wondering how much foreign currency you can carry in cash from India, here are some important points you must know

26 Aug 2024

Rupee Closes 3 Paise Higher At 83.87 Against US Dollar

On the domestic equity market front, Sensex advanced 611.90 points, or 0.75 per cent, to close at 81,698.11 points. The Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60 points.

12 Jul 2024

'Petrodollar Deal': Did Saudi Arabia Not Renew Deal With US? EXPLAINED

Media reports have stated that a 50-year longstanding Petrodollar deal between Saudi Arabia and the United States has lapsed in July. What does it mean? We explain.

04 Apr 2024

Rupee Rises 11 Paise To 83.42 Against US Dollar In Early Trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.

India forex reserve

02 Feb 2024

Forex Reserves Increase USD 591 Mn To USD 616.7 Bn

Gold reserves increased USD 269 million to USD 47.481 billion during the week, the RBI said.

Pakistani rupee

16 Aug 2023

Pakistani Rupee Drops To 3-Month Low On First Day Of Caretaker Govt

The drop was exactly in line with the market speculation that the domestic currency would face a fresh round of depreciation.

dollar vs rupee

11 Aug 2023

The Rise Of Rupee: Indian Rupee Going To Takeover the Dollar Soon?

Indian Rupee is in the Race to take over the American Dollar. More than 18 countries have agreed to use Rupee for International trade with India. After this more than 35 countries have shown their interest to trade in Indian Rupee. The global importance of the Indian Rupee has risen in the last few years after India-Russia, India-UAE and India-Singapore agreements on trade deals in INR. Which has also led to a decrease of the use of dollars in international trade.

16 Jul 2023

Deshhit: UPI in UAE...will bring new height in business

India's Prime Minister Narendra Modi has returned from a successful tour of France and UAE..But in this tour, India's economic agreements with two big countries of the world have increased the credibility of Indian Rupee..Now it is being discussed in the world. Can Indian rupee become a substitute for dollar for trade? Has Prime Minister Modi done the work of strengthening the rupee further? Behind this discussion is a gamechanger agreement between India and UAE, according to which now India and UAE will do business in rupees and dirhams and not in dollars.

16 Jul 2023

Deshhit: Muslim country is proud of Modi's visit! 'Dollar' was chased away and 'Rupee' was adopted

Indian Prime Minister Narendra Modi went to Egypt after visiting America. After which now PM Modi has gone to UAE after France. Modi is being felicitated tremendously in Muslim countries. So there now trade between UAE and India will be done in rupees and not in dollars.

21 Mar 2023

Rupee Slips 3 Paise To Close At 82.59 Against USD Ahead Of Fed Rate Decision

Investors are keenly awaiting the interest rate decision by the US Federal Reserve due on Wednesday.

Indian rupee Vs dollar

08 Mar 2023

Rupee Falls 37 Paise To 82.29 Against US Dollar In Early Trade

On Monday, the rupee settled at 81.92 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 percent to 105.80 on Wednesday.

Pakistani rupee

28 Feb 2023

Baat Pate Ki: Lightning struck the people of Pakistan

Economically bad Pakistan has got another blow. The Shehbaz Sharif government of Pakistan has decided to recover the waived electricity bill from the people. During the flood, the government of Pakistan waived the electricity bill of the people.

31 Jan 2023

Rupee not weakened, it is US dollar that has strengthened: Economic Survey

The dollar has appreciated by 4.4 percent in terms of the dollar index.

18 Jan 2023

Dollar vs Rupee: Rupee gains 44 paise to close at 81.25 against US dollar

The rupee pared its initial losses and settled 44 paise higher. The rupee closed at 81.25 against USD. Rising crude oil prices capped the gains in the rupee, traders said.

28 Dec 2022

Rupee rises 7 paise to end at 82.80 against US dollar

The rupee gained 7 paise to close at 82.80 against the US dollar. Traders said the domestic unit witnessed high volatility during the session. At the interbank foreign exchange market, the local unit opened at 82.84.

24 Nov 2022

Rupee gains 30 paise to close at 81.63 against US dollar

The rupee appreciated 30 paise to close at 81.63 against the US dollar. On Wednesday, the rupee depreciated 26 paise to close at 81.93 against the USD. The dollar index slipped 0.19 percent to 105.87.

07 Nov 2022

Rupee gains 45 paise to close at 81.90 against US dollar

The rupee appreciated by 45 paise. The rupee close at 81.9 against the USD. Global oil benchmark Brent crude futures fell 0.41 per cent.

20 Oct 2022

PhonePe investing 200 million dollar on data centres

Speaking to reporters after the launch of a data centre facility at Navi Mumbai, Chari said PhonePe will be investing USD 200 million in data centres. He said the company has already invested USD 150 million but did not specify a timeline for investing the remaining USD 50 million.

Rupee Vs dollar

29 Sep 2022

Rupee vs Dollar: Rupee rises 35 paise to 81.58 against US dollar

The rupee appreciated 35 paise to 81.58 against USD. In initial trade, the rupee touched 81.75 against the American currency. The global oil benchmark, fell 0.46 per cent to USD 88.91 per barrel.

25 Sep 2022

Much of Rupee's weakness linked to strong US dollar index: SBI Research

The rupee lingered below 80 per dollar in the recent past as RBI seemed to have protected it from crossing the psychological benchmark of 80 per dollar. Another important result of our study is that the key rate of interest set by the RBI is not much affected by the fiscal deficit target.

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