The segmental relaxation dynamics of ring polymers in dilute solutions, with both repulsive excluded volume interactions (EVI) and attractive interactions, is investigated through Rouse−Zimm theory. To the best of our knowledge, this is the first study that theoretically characterizes the orientational relaxation dynamics of ring polymers with both repulsive and attractive interactions over a wide range of length scales, ranging from the local segmental motion to the global diffusion of the polymer. The frequency dependence of the spectral density, spin−lattice relaxation rate and spin−spin relaxation rate is analyzed as a function of the ring size employing two different models of EVI for ring polymers. The results obtained from both models show a very good agreement with each other. The spectral density reveals a predominant contribution of the overall motion in the relaxation of the rings with repulsive interactions as compared to those with hydrodynamic interactions (HI) only. However, the reverse is valid for the rings with attractive interactions. The spin−lattice relaxation rate displays a single characteristic maximum as a function of the frequency for rings both with and without EVI, irrespective of the ring size. The spin−spin relaxation rates with repulsive and attractive interactions are higher and lower, respectively, as compared to those of Gaussian rings with HI, over the entire range of frequency.