Rupee plunges 58 paise to close at all-time low of 81.67 against US dollar
2 years, 3 months ago

Rupee plunges 58 paise to close at all-time low of 81.67 against US dollar

Deccan Chronicle  

MUMBAI: The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar on Monday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. At the interbank foreign exchange market, the local currency opened at 81.47, then fell further to close at an all-time low of 81.67 against the American currency, registering a decline of 58 paise over its previous close. "Another day of large gains for the dollar versus the rupee as it fell for the fourth day in a trot amid risk-averse sentiments and unprecedented strength in the greenback following Fed tightening and recession worries," said Dilip Parmar, Research Analyst, HDFC Securities. On the domestic equity market front, the 30-share BSE Sensex dropped 953.70 points or 1.64 per cent to end at 57,145.22, while the broader NSE Nifty fell 311.05 points or 1.8 per cent to 17,016.30.

Low Rupee 58 Paise  paise  alltime  close  domestic  8167  fell  market  58  cent  strength  currency  usd  rupee  low  dollar  plunges

History of this topic

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar
Trending News
1 day ago

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar

Live Mint  

Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of …

Rupee unlikely to find support in Asia FX’s slight recovery
1 day, 7 hours ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Falling rupee may increase consumer woes
1 day, 10 hours ago

Falling rupee may increase consumer woes

New Indian Express  

NEW DELHI: The sharp fall in rupee vis-a-vis dollar over the past couple of months will have more of negative impacts and minimal gain on export front, as per experts. In recent years, a weaker rupee has not translated into major gains for Indian exports due to several structural and global factors, says Ajay Sahai, director general and CEO, Federation …

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
Trending News
1 day, 10 hours ago

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of …

Rupee’s fall sparks a war of words between the ruling party, Opposition
1 day, 19 hours ago

Rupee’s fall sparks a war of words between the ruling party, Opposition

Live Mint  

The Indian rupee's depreciation beyond ₹86 against the US dollar on Monday sparked a war of words between the ruling Bharatiya Janata Party and the opposition Congress party over the currency's economic performance during their respective terms. Congress leader Jairam Ramesh took a dig at Prime Minister Narendra Modi on social media platform X over the currency's depreciation, questioning Modi's …

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar
2 days, 2 hours ago

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar

Live Mint  

Mumbai, The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to strengthening of the American currency and surging crude oil prices. The fall of 55 paise, or 0.65 per cent, in one session was the steepest since February 6, 2023 …

Rupee falls 27 paise to record low of 86.31 against USD.
Top News
2 days, 4 hours ago

Rupee falls 27 paise to record low of 86.31 against USD.

Deccan Chronicle  

The rupee's slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86.31 against the US dollar, dragged down by a robust American currency amid volatile global cues.A record surge in crude oil prices, sustained outflow of foreign capital, and a negative trend in domestic equity markets …

Indian rupee falls to lifetime low of 86.31 against dollar; Sensex, Nifty down: 3 factors
2 days, 5 hours ago

Indian rupee falls to lifetime low of 86.31 against dollar; Sensex, Nifty down: 3 factors

Firstpost  

The Indian rupee fell to a record low of 86.31 against the US dollar on Monday morning. A weak INR also impacted the Indian stock market with Sensex and Nifty trading in the red The Indian rupee on Monday fell to a lifetime low of 86.31 against the US dollar in early trade as the American currency continued to gain …

Rupee hits all-time low of 86/USD for first time. Will it decline further?
Trending News
2 days, 10 hours ago

Rupee hits all-time low of 86/USD for first time. Will it decline further?

India Today  

The Indian rupee plunged to an all-time low, breaching the 86 mark against the US dollar on Monday. The sharp decline came after a stronger-than-expected US jobs report, which further strengthened the dollar and pressured emerging market currencies, including the rupee. STRONG US DATA, LOWER FED RATE CUT HOPES The US nonfarm payrolls data revealed that 256,000 jobs were added …

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade
2 days, 10 hours ago

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee has made one of its worst opening sessions on Monday, plumbing past the 86 level, losing as many as 27 paise to touch 86.31, after a blowout US jobs report has left the market believing that the likelihood of the Federal Reserve leaving the rates high for longer than expected. Forex traders told the TNIE that a …

Rupee sinks 58 paise to 86.62-mark in worst fall in 2 yrs
2 days, 10 hours ago

Rupee sinks 58 paise to 86.62-mark in worst fall in 2 yrs

New Indian Express  

The rupee logged its steepest single-day plunge in nearly two years ending the session sinking 58 paise on Monday to a historic low of 86.62 to the dollar that has been on a song since October, weighed down by a stronger greenback, surging crude prices and the continuing mayhem in the equity markets. X users to remind Prime Minister Narendra …

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar
4 days, 19 hours ago

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar

Live Mint  

India's foreign exchange reserves plunged for the fifth consecutive week to hit a 10-month low of $634.59 billion as of January 3. Data from the Reserve Bank of India showed on Friday that the forex kitty declined by $5.7 billion in the reported week after falling by a cumulative $17.8 billion in the previous three weeks. Forex reserves have been …

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact
4 days, 21 hours ago

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact

Firstpost  

The development comes amid a strenghtening US dollar as well as uncertainty over potential economic policies from former US President Donald Trump weighing on global markets The Indian rupee fell for the 10th consecutive week, hitting a record low of 85.97 to the dollar on Friday. The development comes amid a strenghtening US dollar as well as uncertainty over potential …

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade
Trending News
5 days, 5 hours ago

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade

The Hindu  

The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found some support tracking positive cues from domestic equity markets, forex traders said. At the same time, they said, …

Rupee hits all-time low, nears 86 mark against US dollar
5 days, 10 hours ago

Rupee hits all-time low, nears 86 mark against US dollar

India Today  

The rupee tumbled to a historic low of 85.97 against the US dollar on Friday, surpassing its previous record of 85.9325 reached just a day earlier. Closing at 85.9650, the rupee marked its tenth consecutive weekly loss, slipping 0.2% this week amid a strong dollar and persistent capital outflows. The rupee has been under pressure for weeks due to a …

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar
Trending News
6 days ago

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar

The Hindu  

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 against the U.S. dollar on Thursday amid firm American currency and elevated level of crude oil prices. They said, uncertainties related to trade restrictions ahead of the change in US administration under President Donald Trump continued to fuel dollar demand, while concerns …

Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade
Trending News
6 days, 6 hours ago

Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade

The Hindu  

The rupee slipped 1 paisa to its record low of 85.92 against the U.S. dollar in early trade on Thursday, the third straight session of downfall, weighed down by a stronger American currency and higher crude oil prices. Forex traders said the relentless outflow of foreign funds amid soaring U.S. bond yields boosted the American currency, while subdued domestic equity …

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade
Trending News
1 week ago

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 9 paise to hit its record low of 85.83 against the U.S. dollar in early trade on Wednesday as strengthening American currency and higher crude oil prices continued to play spoilsports even as the government lowered the country's economic growth projection. According to analysts, subdued domestic equity markets also weighed on the Indian currency even as better …

Rupee to face pressure as upbeat US data reignites dollar uptrend
1 week ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Rupee gains as dollar rally takes a breather amid tariff back and forth
1 week, 1 day ago

Rupee gains as dollar rally takes a breather amid tariff back and forth

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 7 - The Indian rupee strengthened in early trading on Tuesday, after U.S. President-elect Donald Trump denied a media report that suggested his trade tariffs might not be as stringent as feared. The rupee was at 85.6750 against the U.S. dollar as of 10:10 a.m. IST, up from its close at 85.8275 in the previous …

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar
1 week, 2 days ago

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

The Hindu  

The rupee declined 4 paise to settle at a fresh record low of 85.83 against the U.S. dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond yields and concern over HMPV virus outbreak triggered a U.S. dollar chase due to its safe-haven appeal. Anuj Choudhary, …

Rupee plumbs new lows at 85.83; no relief seen on the horizon
1 week, 2 days ago

Rupee plumbs new lows at 85.83; no relief seen on the horizon

New Indian Express  

The rupee continued to its southward-ho for the fourth month, losing 4 paise to close at new low of 85.83 against US dollar on Monday, weighed in the blood bath on the equity markets amidst the persisting bearish tilt Traders said the rupee hit a new lifetime low as it was hurt by a persistent bearish outlook on the currency …

Rupee logs 9th straight week of losses, analysts expect more weakness
1 week, 5 days ago

Rupee logs 9th straight week of losses, analysts expect more weakness

Live Mint  

By Siddhi Nayak MUMBAI, Jan 3 - The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. China's yuan slid past the key 7.3 threshold to a 14-month low against the dollar on Friday …

Rupee expected to weaken more in coming months
1 week, 5 days ago

Rupee expected to weaken more in coming months

Live Mint  

Mumbai: The rupee is expected to further weaken in the coming months as Trump’s presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's interventions in the currency market are likely to ease. “There is a pending depreciation pressure visible on the rupee and that is seen in the REER overvaluation of around 8%," …

Rupee falls 9 paise to close at 85.73 against US dollar
Trending News
1 week, 6 days ago

Rupee falls 9 paise to close at 85.73 against US dollar

Live Mint  

Mumbai, The rupee depreciated 9 paise to close at 85.73 against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 108.46. Meanwhile, India's manufacturing sector growth fell to a …

Rupee ends at record closing low for seventh straight session
Trending News
2 weeks ago

Rupee ends at record closing low for seventh straight session

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. While the first trading session of 2025 was relatively lacklustre, traders expect the rupee to remain under pressure in …

Rupee falls 5 paise to 85.69 against US dollar in early trade
Trending News
2 weeks ago

Rupee falls 5 paise to 85.69 against US dollar in early trade

Deccan Chronicle  

The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit.Forex traders said the dollar index and US 10-year bond yields have been on an uptrend largely owing to …

Rupee dips to record closing low, bearish bias tipped to persist in 2025
2 weeks, 1 day ago

Rupee dips to record closing low, bearish bias tipped to persist in 2025

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025. A hawkish shift in the Federal Reserve's policy outlook combined with expectations over incoming U.S. President Donald Trump's policies …

Currency concerns: on the rupee
2 weeks, 1 day ago

Currency concerns: on the rupee

The Hindu  

It has been a tumultuous time for the Indian rupee even as the Reserve Bank of India has been actively stepping into the foreign exchange market to stem its free fall in pursuit of what it calls an ‘orderly’ exchange movement. The Donald Trump factor added a fresh headwind with the dollar strengthening since his U.S. presidential electoral victory, and …

Declining rupee means bad business for Indian shares, eyes now on Q3 earnings
2 weeks, 1 day ago

Declining rupee means bad business for Indian shares, eyes now on Q3 earnings

Firstpost  

A persistent fall in the Indian rupee has been keeping foreign stock investors cautious. With the year drawing to a close, all eyes would now be on the third quarter earnings of the companies The Indian rupee has been continuously losing its strength against the US dollar. According to a report by Bloomberg, the Nifty Dollar Total Return index is …

Rupee set to extend recovery on RBI-motivated dollar-long liquidation
2 weeks, 2 days ago

Rupee set to extend recovery on RBI-motivated dollar-long liquidation

Live Mint  

By Nimesh Vora MUMBAI, Dec 30 - The Indian rupee is poised to rise on Monday, building on the momentum from the previous session in which the central banks' interventions prompted the exit of speculative dollar-long positions. The one-month non-deliverable forward indicated the rupee will open at 85.40-85.42 to the U.S. dollar, compared with its close of 85.5325 in the …

Indian rupee hits record lifetime intra-day low on Friday
2 weeks, 4 days ago

Indian rupee hits record lifetime intra-day low on Friday

Deccan Chronicle  

New Delhi: For a consecutive ninth day in a row, the Indian rupee on Friday hit a record lifetime intra-day low of 85.80 before a possibly central bank’s intervention that helped recover some of its losses and settled 23 paise lower at a record low of 85.50 against the US dollar, weighing down a strong month-end demand for dollar. “Rupee …

Top news on December 27: Rupee hits new low; tributes pour in for Manmohan Singh; hailstorm alert in Delhi, more
2 weeks, 4 days ago

Top news on December 27: Rupee hits new low; tributes pour in for Manmohan Singh; hailstorm alert in Delhi, more

Live Mint  

Top news on December 27: From Rupee hitting a record low of 85.395 on strong NDF dollar bids on Friday to stock market ending on gains - here's a list of the top news for Friday, December 27. Indian rupee hits new lows on Friday The Indian rupee hit a new record low on Friday, driven by strong demand for …

5 factors pulling the Indian rupee down to record low: Trump, trade & more
2 weeks, 5 days ago

5 factors pulling the Indian rupee down to record low: Trump, trade & more

Firstpost  

The Indian rupee has come under immense pressure and touch a historic low of 85.81 against the US dollar on Friday. Find out five big factors that are weighing on the INR The Indian rupee touched an all-time low on the afternoon of Friday, December 27, 2024, and traded at 85.81 against the US dollar. At the interbank foreign exchange, …

Rupee sinks 53 paise to hit new all-time low of 85.80 in mid session
2 weeks, 5 days ago

Rupee sinks 53 paise to hit new all-time low of 85.80 in mid session

Live Mint  

Mumbai, Dec 27 The rupee recorded its steepest single-day fall in past six months, sinking 53 paise to hit a new all-time intraday low of 85.80 against the US dollar during mid session on Friday as the unabated rise in the American bond yields boosted the greenback's appeal. At the interbank foreign exchange, the rupee opened weak at 85.31 and …

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023
2 weeks, 5 days ago

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023

Live Mint  

The Indian rupee depreciated to a fresh record low on Friday, amid strong dollar demand in the non-deliverable forwards market. The rupee dropped 0.6% to a fresh record low of 85.7437 per dollar, registering its steepest single-day fall since February 2023, according to Bloomberg. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading …

Rupee ends at record closing low for 3rd straight session as dollar firms
2 weeks, 6 days ago

Rupee ends at record closing low for 3rd straight session as dollar firms

Live Mint  

By Siddhi Nayak MUMBAI, Dec 26 - The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers' month-end dollar demand. Since slipping below the 84 handle in mid-October, the rupee has been falling gradually amid concerns over India's growth slowdown, foreign outflows, worries over U.S. President-elect Donald …

Rupee falls to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls to hit all-time low of 85.16 against US dollar in early trade

Deccan Chronicle  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

The Hindu  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

The bad and good of rupee weakening against dollar
3 weeks, 1 day ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
3 weeks, 4 days ago

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 against the U.S. dollar on Friday, on softening of the U.S. dollar index and a potential intervention by the Reserve Bank of India. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time …

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade
3 weeks, 5 days ago

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade

Deccan Chronicle  

Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. The Dollar Index is expected to remain elevated, with resistance near the 110 level in the near term amid a reduced likelihood of significant Fed rate cuts in 2025. On Thursday, the rupee depreciated …

Rupee hits all-time low against US dollar. Why is it under pressure?
3 weeks, 5 days ago

Rupee hits all-time low against US dollar. Why is it under pressure?

India Today  

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. Additionally, the US Federal Reserve’s projection of fewer rate cuts in 2025 amid sticky inflation has strengthened the US dollar, making emerging market currencies like the …

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar
3 weeks, 5 days ago

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar

The Hindu  

The rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 against the U.S. dollar on Thursday, as a hawkish stance from the U.S. Federal Reserve sparked a broad dollar rally. Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low on …

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
3 weeks, 6 days ago

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025

Live Mint  

The Indian rupee fell to a record low, slipping past 85 to the US dollar for the first time on Thursday, after the Federal Reserve signalled fewer rate cuts next year. Other Asian currencies also depreciated as the Korean won, the Malaysian ringgit, and the Indonesian rupiah were down 0.8%-1.2% on the day, after the Fed dot plot indicated two …

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
3 weeks, 6 days ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu  

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

Rupee plunges to all-time low, reaches Rs 85 against US dollar
Trending News
3 weeks, 6 days ago

Rupee plunges to all-time low, reaches Rs 85 against US dollar

India Today  

Rupee fell to an all-time low against the US dollar on Thursday, breaching the Rs 85 mark for the first time. This decline comes after the US Federal Reserve cut key interest rates by 25 bps and signalled fewer rate cuts in 2025, putting additional strain on the currency, which has already been under pressure due to weak capital inflows …

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar
3 weeks, 6 days ago

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar

The Hindu  

The rupee dropped 3 paise to close at an all-time low of 84.94 against the U.S. dollar on Wednesday, as traders await cues from the US Fed on the interest rate front. The unit finally ended the session lower by 3 paise at an all-time low closing level of 84.94 against the dollar. On Tuesday, the rupee revisited its all-time …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
4 weeks ago

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 18 - The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. Weakness in regional currencies ahead of the Federal Reserve's policy decision due in U.S. trading hours also hurt the …

Rupee falls 1 paisa against US dollar in early trade
4 weeks ago

Rupee falls 1 paisa against US dollar in early trade

The Hindu  

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors' approach …

Discover Related