India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
Rupee Falls to 87.66 Against US Dollar Why in the News ? The Indian rupee weakened by 12 paise, closing at ₹87.66 against the US dollar in the foreign exchange market. This reflects ongoing currency market volatility and global economic influences including the rising dollar index, impacted by factors such as crude oil prices and …
Read MoreWhy in the News ? Donald Trump argues that the strong U.S. dollar worsens trade deficits and shifts manufacturing abroad. There is speculation about a “Mar-a-Lago Accord”, similar to the 1985 Plaza Accord, to devalue the dollar and boost U.S. exports. Trump’s Concerns Over the Strong Dollar: Donald Trump has long argued that the overvalued …
Read More
