U.S. dollar

Rupee falls 2 paise to close at 83.97 against U.S. dollar

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Rupee falls 2 paise to close at 83.97 against U.S. dollar

A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai. | Photo Credit: REUTERS The rupee consolidated in a narrow range and settled for the day lower by 2 paise at 83.97 (provisional) against the American currency on Monday (August 12, 2024), as market … Read more

Why the Fed cutting interest rates may weaken the U.S. dollar

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Why the Fed cutting interest rates may weaken the U.S. dollar

SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to … Read more