jaspreet kalra

Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India.

The Indian rupee strengthened on Thursday aided by a rise in the Chinese yuan after U.S. President Donald Trump said a new trade deal with Beijing was possible, while dollar sales from foreign banks also aided the local unit.

Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said.

The Indian rupee dropped to its lifetime low on Monday as the risk of fresh U.S. trade tariffs spurred losses in most regional currencies, with the Reserve Bank of India likely stepping in to support the local unit, traders said.

The Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country's three biggest trade partners, stoking fears of a trade war that rattled global financial markets.

The Indian rupee slipped to an all-time low on Friday, as the threat of U.S. trade tariffs under President Donald Trump weighed on most Asian currencies, while the Reserve Bank of India likely stepped in to support the local unit, traders said.

The Indian rupee weakened to its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped cap losses, traders said.

The Indian rupee rose on Wednesday, aided by a broadly softer dollar ahead of closely watched U.S. inflation data, while the dollar-rupee implied volatility signalled that the currency is poised to experience sharper swings going ahead.

The Indian rupee edged higher on Tuesday, unable to benefit much from the Reserve Bank of India's strong intervention to blunt the effect of heightened interbank dollar demand.

The Indian rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched U.S. labour market data, keeping regional currencies on the defensive.