The Indian rupee weakened on Friday, amid a slide in domestic equities, as the dollar index jumped after strong U.S. data overnight fanned expectations of further monetary tightening from the Federal Reserve. Read More
Tag: rupee
INDIA RUPEE Rupee rises alongside Asian peers and on oil price relief
The Indian rupee rose against the dollar on Thursday, buoyed by an uptick in most Asian currencies and a further decline in oil prices. Read More
Digital Rupee: Characteristics, Collaborating Banks & More Details
Earlier this week, the Reserve Bank of India (RBI) announced the commencement of the first trial for retail digital Rupee (e-rupee)l on December 1. To begin, the RBI has collaborated with four banks in Mumbai, New Delhi, Bengaluru, and Bhubaneswar: Read More
What Is Digital Rupee? How Is It Different From Cryptocurrency?
The Reserve Bank of India is set to launch the pilot of its central bank digital currency (CBDC), which it categorizes as legal tender in a digital form. Commonly known as the digital rupee, it will be exchangeable at par with existing currencies and will be considered acceptable for payments and a Read More