Summary Points: Foreign banks are unloading dollars for big clients, spiking rupee demand and pushing it to 85.50 vs. USD, a level unseen since late 2024. March madness: dollar inflows from company borrowings and profits get swapped for rupees, juicing up its value as India’s financial year wraps. $3 billion hits Indian bonds, and foreign…
So, we all love seeing those double-digit returns on our Nifty 50 investments, right? Apna Sensex and Nifty are like the darlings of the Indian stock market. But recently, I was digging into some numbers, and it made me rethink how we measure our investment success. We usually pat ourselves on the back looking at how much…
The Indian rupee’s performance in 2024 has been nothing short of a disheartening. By the close of the year, the rupee depreciated by approximately 3% against the US dollar. While this may seem like a minor number to some, its implications are far-reaching. It influences everything, from the cost of imported goods to the returns…
Rupee Devaluation Trade Explorer Tool How did the 1991 rupee devaluation affect India’s trade? Enter exchange rates and trade values below to see how different devaluation levels impacted exporters, importers, and the trade balance, a key factor in India’s economic recovery. Pre-Devaluation Exchange Rate (INR per USD): Enter the INR per USD rate before the…
![Indian Rupee Hits Record Low: A Historic Dip [2024]](https://ourwealthinsights.com/wp-content/uploads/2024/11/Indian-Rupee-Hits-Record-Low-Thumbnail-768x436.png)
In November’2024, the Indian Rupee has plummeted to a record low against the US Dollar. It marks a significant moment for India’s economy. On November 7, 2024, the rupee was valued at an unprecedented 84.29 against one dollar. It reflects a confluence of domestic and global economic situation prevailing around us. This depreciation is not…
There are several factors that improves strength of currency (see this flow chart). When we talk about currency strength – a stronger currency is better, right? But in the world of economics this is not always the case. Majority countries prefer to keep their currency weak over USD. We will see why…(here) Why I researched…
