Rupee

Top 10 Oldest Currencies Still In Use Today—History Of The Indian Rupee (INR)

16 Sep 2024

The global currency market is ever-changing, with the foreign exchange market, known as forex (FX), as its primary platform for trading currencies across nations. Forex is the largest and most liquid market globally, handling trillions of dollars daily. Unlike traditional markets, forex operates without a centralized location or single government...

Ola’s Bhavish Aggarwal Idea To Replace Dollar Sign With Rupee On Keyboard Sparks Reaction

25 Aug 2024

Bhavish Aggarwal, the CEO of ride-hailing giant Ola, recently ignited a heated discussion on social media with a provocative post about keyboard design. On August 24, Aggarwal took to X (formerly Twitter) to question why the keyboard’s dollar sign ($) has not been replaced with the Indian rupee symbol (₹)...

Pakistan rupee plunges to record low after Imran’s arrest

11 May 2023

Imran Khan’s arrest triggered violence in most of the country. The military has taken a tough stance to crush protest, and in due course, Pakistan’s rupee plunged to a record low. The rupee went down 3.3 percent, so now 300 Pakistani rupees are equal to a dollar on Tuesday, as...

India’s Forex reserves saw steepest weekly decline in over 11 months

19 Feb 2023

India's foreign exchange reserves declined by USD 8.319 billion to USD 566.948 billion in the week ending on February 10, according to the Reserve Bank of India's latest data.This is reported to be the sharpest slump in the overall forex reserves in over 11 months. During the week that ended...

Pakistani currency sees biggest 1-day slump in 20 years

27 Jan 2023

The Pakistani rupee saw its biggest one-day decline in over two decades on Thursday. The country's currency fell 9.6 per cent against the dollar on Thursday, according to the central bank of the South Asian country. The slump was so severe that it prompted the International Monetary Fund (IMF) to...

Rupee at an all-time low against dollar

10 Oct 2022

The Rupee has been falling weak against the US dollar in a row for quite some time now. The Rupee on Monday touched the new lowest vs the dollar, with an increased sell-off resulting from the good US jobs report which hints at more aggressive hikes from US Federal Reserve....

Indian rupee falls 40 paise to a record low of 81.93 per US dollar

28 Sep 2022

The rupee fell 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday, as the strengthening of the US currency and risk-averse investor sentiment weighed on the local currency. Furthermore, a downward trend in domestic equities and significant foreign fund outflows dampened investor...

Indian rupee gains 37 paise against the US dollar, reaching 81.30

27 Sep 2022

The rupee rose 37 paise to 81.30 against the US dollar in early trade on Tuesday, as the US currency fell from its highs. The domestic unit opened at 81.45 against the dollar on the interbank foreign exchange, then fell to 81.30, a 37-paise gain from its previous close. The...

Rupee depreciates below 81-mark against US dollar in early trade, on a first

23 Sep 2022

The rupee fell 44 paise and fell below the 81-mark against the US dollar in early trade on Friday, weighed down by the strong US currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Federal Reserve and...

Rupee hits record low against US dollar, prone to fall further: Analysts

22 Sep 2022

The Indian rupee is expected to fall further after reaching a record low against the US dollar on Thursday, as the US Federal Reserve hinted at more aggressive rate hikes to combat inflation. The rupee opened at a record low of 80.2850 per US dollar, down from 79.9750 the day...

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