Historic Decline: Rupee Plummets To Unprecedented Low
Recently, the Indian currency rupee hit an all-time low of Rs 84.1725 against the US currency dollar, down 0.07% from its previous close at Rs 84.1075. Analysts share insights about it and say that Donald Trump’s victory in the US elections will likely affect the rupee adversely as his inflammatory policies might further strengthen the…
Shipra Prajapati
Global Forex Reserves See A Record Decline Of $1 Trillion
Global foreign-currency reserves are declining rapidly as the central banks of India and the Czech Republic step in to support their currencies. This year reserves have fallen by around 7.8% ($1 trillion). It is the biggest decline since Bloomberg began gathering data. Valuation changes have contributed significantly to this downturn. The dollar’s rise to two-decade…
Kuwaiti Dinar: The Most Valuable Currency In The World
Kuwaiti Dinar, the national currency of Kuwait, is the most valuable currency in the world. The currency was introduced in 1961 as the replacement of the Gulf Rupee. The Gulf rupee was introduced by the Indian government in 1959 to use outside of India, particularly in the Persian Gulf region. In 1961, Kuwait became an…
John David