A strong dollar against key rivals and losses in the Indian equity markets sapped risk appetite, forex dealers say
A strong dollar against key rivals and losses in the Indian equity markets sapped risk appetite, forex dealers say
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.11 per cent to 104.09
Strengthening of dirham, job creation, Expo 2020 Dubai, foreign direct investment were some of the main factors that led to increase in remittances
Forex traders say muted Indian equities and foreign fund outflows weighed on the rupee and restricted the appreciation bias
The monetary policy committee raises the key lending rate to 6.25 per cent
India will lead next year’s slower global remittance growth by recording a decline due to the global headwinds
The new banknote will be available in Central Bank branches and ATMs in the first half of 2023
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.27 per cent to 105.66
The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.38 per cent to 106.28
However, lower crude prices in the international market and fresh foreign fund inflows restrict the rupee’s fall, forex dealers say