Rupee Hits Fresh All-Time Low Of 85.80: Why Is Indian Currency
1 day ago · Sliding for the fourth straight session, the rupee on Friday hit its fresh all-time low of 85.80 per US dollar amid continued dollar strengthening and capital outflows from India. The domestic currency on Friday fell by a significant 53 paise to 85.80 to a dollar during the day before recovering and closing the day finally lower by 25 paise to ...
Indian Rupee Posts Steepest Single-Day Loss Since February 2023
1 day ago · The rupee dropped 0.6% to a fresh record low of 85.7437 per dollar on Friday, marking its largest single-day loss since February 2023. Concern over the nation’s trade deficit and slower economic ...
Indian Rupee Declines Most Since February 2023 - Bloomberg
1 day ago · The Indian rupee fell the most in almost two years as month-end dollar demand by importers weighed on the currency. ... news and insight around the world. For Customers ...
Rupee logs steepest intraday decline in nearly two years
1 day ago · News; Business; Market; Rupee logs steepest intraday decline in nearly two years; Rupee logs steepest intraday decline in nearly two years The currency made a sharp recovery to close at a record low of 85.54, down 28 paise compared to Thursday’s close of 85.27. It opened at 85.32 against the dollar on Friday.
Rupee slumps to record low, logs worst day in nearly 7 months as …
1 day ago · The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers. The rupee weakened to an all-time low of 85.8075 against the U.S. dollar, before intervention by the central bank helped it trim steep losses, according to traders.
Wider trade deficit, tepid capital flows push rupee to all-time low
2 days ago · The Indian rupee hit a lifetime low for the seventh straight session on Thursday, adding to its losses in the current quarter on the back of a combination of a wider trade deficit and anaemic ...
Rupee hits record low on strong NDF dollar bids; RBI likely steps in
1 day ago · The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
The Indian rupee gained ground against the US dollar, rising to 84.6550 ahead of the Reserve Bank of India's (RBI) monetary policy decision. Analysts predict potential easing measures like a CRR reduction, but a surprise rate cut could weaken the rupee further.
Rupee hits record low for sixth straight session as broad dollar ...
4 days ago · MUMBAI, Dec 24 (Reuters) - The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for ...
Rupee hits all-time low against US dollar. Why is it ... - India Today
Dec 20, 2024 · The Indian rupee weakened to a record low of 85.10 against the US dollar on Friday, weighed down by persistent dollar strength following robust US economic data that reinforced the Federal Reserve's hawkish stance. The rupee surpassed its previous low of 85.0850 reached on Thursday and settled at 85.10 by 10:00 am.