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Representative image (AI-generated) The Indian rupee weakened by 7 paise on Tuesday, closing at a record low of 90.97 against the US dollar. This comes as strong dollar demand from metal importers and continued foreign fund outflows weighed on investor sentiment.Forex traders said that the rising geopolitical uncertainties, including fresh US expansionary signals, have increased…
In early December 2025, the Indian rupee reached a key milestone when it surpassed Rs 90 per dollar for the first time. The rupee had been falling steadily throughout the year, as foreign investors sold off Indian stocks and US tariffs made Indian exports less competitive.However, on December 5, 2025, Reserve Bank of India Governor…
A payment issue has emerged in Pakistan hockey, with some senior players threatening to boycott the men’s FIH Pro League second phase in February. The players allege that they were not paid the full daily allowances for matches played earlier this month.At least two members of the national men’s team said a message has been…
Many Indians looking to transfer money overseas are facing tightened scrutiny from high street banks, demanding to provide detailed proof behind the origin of the funds. This comes as rupee continues to slide against the US dollar and many rush to move their funds abroad. Over the past month, at least two Mumbai-headquartered private sector…
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…
Internationalising of Rupee: The Reserve Bank on Wednesday announced a series of measure to boost the Indian Rupee’s role in global trade, promoting its use for cross-border settlements and reducing dependence on the US dollar.RBI Governor Sanjay Malhotra, highlighted India’s steady progress in promoting the rupee for international transactions and unveiled three measures in this…
