Rupee hits record low as Indian equities slide, bearish tilt persists
1 day ago · The Indian rupee declined to its lifetime low on Monday, hurt by a persistent bearish outlook on the South Asian currency that has been troubled by a broadly stronger dollar and tepid capital flows following a slowdown in economic growth. The rupee weakened to 85.84 against the U.S. dollar, inching past its previous record low of 85.8075 hit in the last week of December.
Rupee hits record low as Indian equities slide, bearish tilt persists ...
1 day ago · MUMBAI, Jan 6 (Reuters) - The Indian rupee declined to its lifetime low on Monday, hurt by a persistent bearish outlook on the South Asian currency that has been troubled by a broadly stronger ...
Rupee Hits Fresh Record Low Of 85.82 Against US Dollar; Check
1 day ago · At the interbank foreign exchange, the rupee opened at 85.77 and then slipped further to its previous session’s closing level of 85.82 against the American currency. On Friday, the rupee depreciated 4 paise to close at 85.79 against the dollar. On December 27, the local currency touched its lifetime intra-day low of 85.80 against the greenback.
Indian rupee set to hit 87/$ by year-end, says Barclays
17 hours ago · Home Market News Currency News Indian rupee set to hit 87 against dollar by year-end. Indian rupee set to hit 87 against dollar by year-end. On January 3, the People’s Bank of China (PBOC) allowed the yuan (or renminbi) to depreciate beyond the key threshold of 7.3 against the US dollar. This move triggered ripple effects across global ...
Indian markets plunge over 1.5% amid HMPV fears and weak rupee
22 hours ago · Indian equity markets fell over 1.5% on Monday, driven by global cues, a weak rupee, and fears over the HMPV outbreak. The equity benchmarks shed over one and a half per cent in the trading ...
Rupee falls 4 paise to close at new record low of 85.83 against U.S ...
1 day ago · The rupee declined 4 paise to settle at a fresh record low of 85.83 (provisional) against the U.S. dollar on Monday (January 6, 2025), amid a steep fall in domestic equity markets and unabated ...
Rupee Hits Fresh All-Time Low Of 85.80: Why Is Indian Currency
Dec 27, 2024 · 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 ...
Rupee fall continues unabated: Know its ripple effect on Indian …
1 day ago · The rupee depreciated 2.8% in 2024 due to a strengthening USD, high US bond yields, geopolitical tensions, and substantial FPI outflows. A weak rupee poses various economic challenges. Read on to know about the interventions made by the Reserve Bank of India and the impact of a falling rupee.
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 may dip to all-time low on Fed outlook-spurred dollar rally
4 days ago · The 1-month non-deliverable forward indicated that the rupee will open at 85.80-85.82 to the U.S. dollar, down from 85.7525 in the previous session and possibly past the all-time low of 85.8075 ...