The Indian rupee witnessed one of its steepest declines in recent times, falling sharply against the US dollar as rising global crude oil prices and escalating geopolitical tensions rattled financial markets. The domestic currency weakened by 139 paise during intra-day trading, nearing the critical ₹95-per-dollar mark and triggering fresh concerns over inflation, import costs, and...
The Indian rupee came under significant pressure in early trading on Wednesday, declining by 28 paise to reach 94.77 against the US dollar in the interbank foreign exchange market. The sharp fall reflected mounting global uncertainties, persistent demand for the American currency from importers, and cautious investor sentiment in international financial markets. Currency traders indicated...
New Delhi: A recent study by the State Bank of India (SBI) has recommended that the Reserve Bank of India (RBI) consider a 25 basis points (bps) reduction in the key benchmark lending rate in its forthcoming monetary policy. The recommendation comes amid expectations of continued benign retail inflation into the next financial year. Since...