SGX Rupee contracts report record smashing June numbers

Since the beginning of the year, the Indian rupee has demonstrated its resilience against the US dollar, depreciating far less than other emerging-market currencies. It retreated a modest 0.94% against the US dollar year-to-date, outperforming the euro and Asian currencies.

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TradeNext reduces spread on dollar rupee pair

“Our decision to reduce our USD/Rupee rate is as a result of increased volumes and greater volatility we have seen over recent weeks in the emerging markets, especially in India as the nation’s economy continues to swing like a pendulum” – Mohsin Jameel, CEO, Tradenext

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