Rupee hits a new record low; breaches 87/USD limit amid Trump tariff concerns
The rupee fell 0.5% to a record low of 87.07 per dollar in early trade, down from its previous close of 86.61. The dollar index rose 0.3% to 109.8, while Asian currencies weakened after Trump’s tariff announcement. The offshore Chinese yuan, which the Indian traders track, declined 0.5% to 7.35 per dollar.
The Indian rupee breached the 87 per dollar mark for the first time today, a steep fall from its previous close of 86.61/$ on ...
India had also earlier refuted any move to grill the US Dollar with an alternative BRICS currency, which was announced when ...
The Indian rupee is poised to open at an all-time low against the dollar on Monday, tracking a slump in Asian currencies and ...
India Today on MSN1h
Explained: Why rupee hit a lifetime low of over 87 against US dollarThe Indian rupee (INR) dropped to an all-time low of Rs 87.1450 per dollar, down 0.6% from Friday. It may be noted that the rupee has fallen almost 4% since October 2024.
The rupee continued to face pressure due to sustained foreign fund outflows and the broad strength of the American currency ...
Finance Minister Nirmala Sitharaman, in an interview with PTI, dismissed concerns over the rupee’s depreciation, attributing ...
The Indian rupee has hit an all-time low, trading at 86.65 per dollar today. The fall exceeds its previous lowest value of 86 ...
The Indian rupee this week is expected to be undermined by the fallout of U.S. President Donald Trump imposing tariffs on ...
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