Indian Rupee Records Low Due to US Dollar Heavy Demand
The Indian Rupee hit a fresh low on Thursday, pressured by the US’s heavy dollar demand, which reflects mounting import concerns over the negative impact of US tariffs on India’s domestic growth. The rupee fell to a record low of 88.4425 per dollar last Friday, down from 88.10 in the previous session, breaching its previous…
Vipin
Historic Decline: Rupee Plummets To Unprecedented Low
Recently, the Indian currency rupee hit an all-time low of Rs 84.1725 against the US currency dollar, down 0.07% from its previous close at Rs 84.1075. Analysts share insights about it and say that Donald Trump’s victory in the US elections will likely affect the rupee adversely as his inflammatory policies might further strengthen the…
Shipra Prajapati
Rupee Falls Most In Over A Year Amid Election Outcome
The Indian rupee fell on Tuesday, 4 June 2024, after vote counting showed that the Bharatiya Janata Party-led alliance would win a narrower majority than expected. It depreciated 26 paise and came down to 83.40 against the dollar. The Indian currency settled at 83.14 against the dollar on Monday, 3 June 2024. This depreciation greatly…
