Currency Market

On whether China can truly challenge the dollar, Schiff was clear: the process is already underway. Central banks have been steadily increasing gold reserves while reducing exposure to US Treasuries, making gold — not the dollar — the world’s largest reserve asset.

INR vs USD: The dollar index recovered slightly after the US Federal Reserve’s policy decision, while US Treasury yields rose after the Fed acknowledged that inflation remained elevated and the labour market continued to stabilize.

The sharpest single-day fall in the dollar occurred on January 20, 2025, the day of Trump’s inauguration as the 47th US President. The USD plunged 1.38% against the euro, as investors reassessed potential policy risks and uncertainties.

The rupee fell to a record intraday low of 90.56 against the greenback on Friday, December 12, registering a fall of 24 paise from its previous close. At close, the rupee was at 90.49, down 17 paise.

Bearish technicals, persistent foreign portfolio selling, and a widening current account deficit will keep pressure on India’s currency ahead of RBI policy.

INR vs USD: Rupee slipped to an all-time low of ₹90.28 per dollar on December 3, 2025. With a 5.3% year-to-date (YTD) drop, the rupee is headed for its sharpest annual decline since 2022, making it Asia’s worst-performing currency so far this year.

USD vs INR: Rupee opened at 88.74 against the US dollar, then gained momentum and touched 87.93 for the first time since mid September, registering a gain of 88 paise from its previous close. It was last at 88.3250, up 0.5% against the American currency.

INR vs USD: Samir Arora, in a post on X, highlighted that while most headlines often state that the dollar has appreciated by a certain percentage against the rupee, it does not mean the rupee has depreciated by the same percentage.

The National Stock Exchange (NSE) today, August 29, said that it will conduct mock trading sessions in the capital, currency and commodities derivatives segment tomorrow.

INR vs USD: The rupee is trading within a narrow range of 87.50 to 87.70. The dollar index stood at 98.08, after declining nearly 0.5% on Tuesday. Against the yen, the dollar slipped 0.05% to 147.76, while the euro was steady at $1.1676.