Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40.
All 35 states and UTs, scheduled commercial banks, RRBs and cooperative banks are expected to be on board the portal by December end
The Indian rupee (INR) slumped to a record low of 59.98 against the US dollar on June 20 through a fresh challenge to the authorities to revive the flagging economy. FIIs are exiting their investment. However, this is not all but only the basic factor. NDF arbitrage factor is also adding to woes. Here's how NDF factor works for exchange rate....