Global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for the weakening of the Indian Rupee against the US Dollar
He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen
Exchange rate of the rupee fell to Rs 79 per US dollar this week. Rupee also strengthened against G10 currencies like euro, yen and pound sterling. Find out the virtues and vices of depreciating rupee
The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro.
According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent
The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers
The yen is sensitive to interest rate differentials between Japanese debt and US bonds.
Boris Johnson is reportedly set to announce a return to imperial measurements of pounds and ounces as a post-Brexit move away from the metric system to mark the Queen's Platinum Jubilee next week.
The U.S. dollar index edged lower and was down 0.2% on the day at 95.846 by 0831 GMT
The dollar was quiet at the start of a week in which central bank meetings, including by the Federal Reserve, will likely drive currency markets
The euro was down 0.1% versus the dollar at $1.1686.
The remarks sent the pound higher as much as 0.3 per cent
LONDON (Reuters) - The British pound gained a percent against the dollar and the euro in relief after Britain and the European Union agreed to continue talks on post-Brexit trade beyond Sunday's deadline.
Strong currencies reflect strong economies
Investors were also focusing on whether US President Donald Trump will impose tariffs on nearly $160 billion worth of Chinese consumer goods from December 15.
Strategists see pound support on bid to block no-deal Brexit
As the clock ticks toward the October deadline, the worry for some is that a deal could come late at night, taking any announcement into the so-called witching hour between New York and Tokyo trading
Expected defeat for May in Brexit vote to boost volatility
The depreciation also brings cheer for those looking to study and invest in the UK
The pound surged after a court ruled the UK can't start the process of leaving the EU without approval