Thursday, the Indian rupee fell to 56.38 to a dollar, its lowest level since July 25.
She noted the recent strengthening of the Indian rupee has helped to revive physical buying there.
But there is definitely a lot of interest, especially in the Indian rupee, dollar, Indonesian rupee and Chinese yuan.
Despite recent measures by the Reserve Bank of India to support the currency, the Indian rupee continued to fall.
It used the Indian rupee from 1916 to 1931 and then switched to a currency board from 1931 to 1949.
There are risks: ExlService is vulnerable to an appreciating Indian rupee versus the U.S. dollar and wage inflation in India.
The Indian rupee also weakened, with the U.S. dollar trading at 54.37 rupees compared with 54.00 rupees before the RBI decision.
The Indian rupee also weakened, with the U.S. dollar last trading at 54.22 rupees compared with 54.00 rupees before the RBI decision.
In other news, reports said the price of spot gold in India hit a record high Thursday, basis the Indian rupee currency.
The deficit is seen as the biggest drag on the Indian rupee.
The Mexican peso and Indian rupee had their best January performances since 1991, notching up gains in excess of 6% against the dollar.
Chief Minister Zoramthanga confirmed the government was happy to pay an Indian rupee to everyone who kills a rat and collects its tail.
The weak Indian rupee currency and a rebound in gold prices from the April low were blamed for the lackluster demand for gold in India.
To make matters more complicated for the central bank, the Indian rupee has fallen 15% against the US dollar in the past 12 months, making imports more expensive.
BBC: India industrial output rebounds easing growth concerns
Gold in Indian rupee terms rose more than 35 percent from July to November, roughly three times the magnitude of gold priced in U.S. dollars, yuan or yen.
FORBES: Competitive Currency Devaluations Support Higher Gold Prices
Additionally, the Indian rupee strengthened in recent sessions, Savant explained.
FORBES: FOCUS: Analysts: Physical Market Watching To See If Gold Price Stabilizes
This should be a plus and is a turnabout from last year when demand in the country was hurt by a weaker Indian rupee that meant higher prices in the local currency.
FORBES: FOCUS: Analysts: Physical Market Watching To See If Gold Price Stabilizes
Although the Indian Rupee has dipped sharply in recent months, its decline in value appears to be relatively minor when compared with falls of up to 35% per cent in Thailand and Indonesia.
With the Indian rupee forecast to weaken further and the European crisis getting by some measures surprisingly worse by the day, traders in the local market are figuring: why not just short India?
According to the index, the Indian Rupee is undervalued (relative to the US dollar) by nearly 62%, and along with South Africa, is one of the two major world economies that is undervalued at over 50%.
FORBES: Big Mac Index: Indian Rupee Most Undervalued Currency In The World
Fast-forward two decades and there are dozens of exchange-traded funds and mutual funds that track and speculate on specific currencies, making it easier and somewhat safer to invest in everything from the Russian ruble to the Indian rupee and Swedish krona.
The Indian currency, the rupee, was inconvertible and high tariffs and import licensing prevented foreign goods reaching the market.
Indian jewelry demand has historically increased during the Shradh period of the Hindu calendar, but last year, high prices and a volatile rupee kept many Indian buyers on the sideline.
FORBES: Competitive Currency Devaluations Support Higher Gold Prices
While the Indian central bank is not seen as likely to intervene to stem any appreciation in the rupee, the currency has also been popular this month due to a reform package from the Indian government aimed at stimulating the economy.
The Indian software group said its anticipating further depreciation of the rupee against the US dollar.
In 2002, a subdued year for the world economy, India's exports grew by 19.2%, a rate beaten only by China, whose currency, Indian exporters point out, is notoriously undervalued, whereas the rupee has, unusually, been appreciating against the dollar.
Indian politicians, meanwhile, are proud that their currency, the rupee, has not crashed and see this as vindication of various capital controls that prevent foreigners from attacking the currency.
Thanks to a roaring stock market whose benchmark index was up 53% in the past year and a strong rupee that appreciated 12%, for the first time all Indian rich listers are billionaires.
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