Rs – Rayrice Forex News

Rs

The rupee has depreciated by 11 percent in 2022, the worst since 2013.

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Indian Rupee It has fallen more than 11 percent against the dollar in 2022 — its weakest performance since 2013 and the worst among Asian currencies — as the U.S. Federal Reserve’s aggressive monetary policy spurred the greenback back. Rupee in 2010 It closed 2022 at 82.61 to the U.S. dollar, down from 74.29 at … Read more

With forex stocks hitting 2-year lows, India’s foreign exchange position has more momentum going forward

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New Delhi and Mint Street have said India’s external environment remains healthy despite a decade-high inflation in recent months. But as the dollar strengthened and the trade deficit widened, the Reserve Bank of India moved quickly to defend the rupee. The dwindling foreign exchange reserves may leave India’s external situation in dire straits. India’s foreign … Read more