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Globally, the US dollar index remains little changed at 91.83 levels as mixed signals from Fed officials for tapering have kept the dollar in pressure and halted their bullish rally.

The rally in the dollar index from 90.40 to 92.40 sparked after the hawkish Fed seems to be disappearing as risk aversion sentiment cooled-off on jump in US equities by 1.5 per cent.

Finally, the rupee has managed to break 73.80 crucial resistance yesterday. With markets remaining too volatile

During the COVID-19 pandemic, central banks flew their jet and came up with an option of “Helicopter money” to take charge of the dwindling economic situation due to lockdown.

”The stronger inflow into the domestic equity market could limit the upside in the pair for a while and RBI’s continuous spot intervention

The purpose of each asset has changed over the years. Let’s go through each one by one. The house was for living, but people are buying it for investment.

What lies for Indian Rupee in 2021 is the biggest question for major importers, exporters and traders.

As we wrap up for a bumpy 2020 where the rupee remained one of the worst-performing regional currencies

”Rupee has remained comparatively immune to the updates especially post US elections

On Thursday (November 5), the rupee gained 40 paise to end at 74.36 against the US dollar.