According to industry experts, the rupee value vis-a-vis USD went into decline as the US dollar gained rapid strength amid fears that economic crisis in Turkey could spread to other global economies.
“Indian currency notes are being and will be printed only in Indian government and RBI currency presses,” the government has clarified.
This is the lowest closing for home currency since November 24, 2016, when it had settled at 68.73.
Here are the five countries where the value of Indian Rupee is high enough to save you a great deal.
Mumbai: Rising equity markets, monetary easing and approval for greater access to foreign funds to invest in government-backed securities propelled the Indian rupee to close at a six-week high of 65.51 to a US dollar
Mumbai: Declining for the sixth consecutive session, the rupee tumbled by 59 paise to nearly 2-year low at 64.78 against the US dollar on sustained demand for the American currency from banks and importers on
New Delhi: People have only 11-days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005.The deadline for exchanging the pre-2005 notes is January 1, 2015.The Reserve Bank
New Delhi: Currency volatility will continue to plague Asian units as both global and local factors will exert pressure in 2015, but the rupee will be comparatively better off in the region, says HSBC.Pegging the
New Delhi: A Reserve Bank panel has decided against the inclusion of any other national leader's image on banknotes saying that no other personality could better represent the ethos of India than Mahatma Gandhi.On the
Mumbai: India's IT entrepreneurs are looking at various options to minimise the impact on their bottomlines of the strengthening of the rupee against the US dollar.While these entrepreneurs have started quoting in dollars to their
Mumbai: The rupee on Thursday fell 27 paise to 61.50 against the dollar on heavy month-end demand from importers for the US currency, which strengthened overseas after the Federal Reserve indicated it may taper its
New Delhi: The Indian rupee is likely to again touch the 68 mark per US dollar by this month end, after which it could strengthen due to improvement in the current account deficit that could
New Delhi: The BJP and the Left Wednesday slammed the government over the rupee's continued depreciation with the former demanding Prime Minister Manmohan Singh's resignation, while the Congress said the situation was serious but not
Rajkot: Gujarat Chief Minister Narendra Modi today continued his tirade against Prime Minister Manmohan Singh over the falling rupee, saying both he and the domesticcurrency have turned 'mute'."There was a time when Indian rupee was
New Delhi: The Indian rupee, which was at par with the American currency at the time of independence in 1947, hit a record low against the dollar recently. India was one of the first issuers
New Delhi, Aug 11: Markets are likely to take cues from macroeconomic data such as industrial production and inflation, movement of the rupee and earnings from blue-chips like State Bank of India and Tata Steel
New Delhi, Aug 11: The Indian rupee is likely to get some reprieve this week as the Reserve Bank will be sucking more money out of the system beginning this Monday and the government promising
New Delhi, Aug 4: The Indian rupee is likely to be under pressure in the near term but it will appreciate a little from the current level to around Rs 57.5 against the US dollar
New Dlhi, Jul 16: In a move to stem the continuing fall of rupee, the RBI last night came out with a slew of measures including hiking the lending rates for banks and sucking up
New Delhi, July 7: The rupee will continue to remain volatile and may weaken further against dollar if the government doesn't address issues like dwindling FDIs and infrastructural bottlenecks, a survey said today. "We need
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