It is against U.S. interests to side with Russia. Here’s why: The U.S. dollar has been the world’s dominant currency for 80 years since World War II ended in 1945. Over the past 500 years, the average lifespan of a world-dominant currency has been about 94 years. Almost every https://t.co/CyOYcVTYMx
Rupee trades weak with US-Russia meeting in focus; opens at 87.46/$ #Rupee #IndianRupee #RupeevsDollar #Dollar #Currency #Markets https://t.co/MbueHrHkmA
Rupee trades weak with US-Russia meeting in focus; opens at 87.46/$ #Rupee #IndianRupee #RupeevsDollar #Dollar #Currency #Markets #Economy https://t.co/MbueHrHkmA
The Indian rupee strengthened against the US dollar following a cooling of India's Consumer Price Index (CPI) to an eight-year low. The rupee opened at 87.65 per dollar and posted its best session in over a month, closing 28 paise higher at 87.43 per dollar. By the end of the trading session, it settled at 87.44 per dollar, marking a 0.46% gain. This appreciation was supported by a weaker US dollar, declining CPI, and gains in Indian equities and other Asian currencies. However, the rupee faced some pressure amid market focus on a US-Russia meeting, opening at 87.46 per dollar the following day. Commentary on the US dollar's dominance highlighted its 80-year tenure as the world’s leading currency since World War II, noting the historical average lifespan of dominant currencies is approximately 94 years.