Rupee slips to historic low at 80.05 a dollar
2 years, 5 months ago

Rupee slips to historic low at 80.05 a dollar

The Hindu  

The Indian rupee weakened to a historic closing low of 80.05 per U.S. dollar on Wednesday as foreign portfolio investors continued to sell their Indian holdings and head back to the safety of the dollar and domestic oil importers too bought the U.S. currency for funding purchases. Sugandha Sachdeva, VP, Commodities & Currency Research, Religare Broking, attributed the rupee’s fall “to concerns about the interest rate normalisation path of the U.S. Fed and the deteriorating growth environment, which have led to a global flight to the dollar.” “Going forward, even as the rupee is inclined on a downwards trajectory, we reckon that the domestic currency is likely to find a strong cushion at the 81 mark,” she said. “Amid a backdrop of uncertainty and Europe in the grip of an acute energy crisis, markets would be closely eyeing the crucial European Central Bank monetary policy decision, where it is likely that the ECB would deliver a 50 basis points rate hike to tame worsening inflation,” Ms. Sachdeva observed. On the contrary, a slightly dovish tone would mean renewed strength in the dollar index that shall further suppress the Indian rupee,” she added.

History of this topic

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
12 hours, 57 minutes ago
Rupee slips to all-time low pressured by weak yuan, importer dollar bids
1 day, 7 hours ago
Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
4 days, 6 hours ago
Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade
4 days, 11 hours ago
Rupee hits all-time low against US dollar. Why is it under pressure?
4 days, 17 hours ago
Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar
5 days, 6 hours ago
Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
5 days, 12 hours ago
Rupee plunges to all-time low, reaches Rs 85 against US dollar
Trending News
5 days, 17 hours ago
Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar
6 days, 6 hours ago
Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
6 days, 7 hours ago
Rupee falls 1 paisa against US dollar in early trade
6 days, 12 hours ago
Stock market crash: 3 reasons why Sensex, Nifty are under pressure today
6 days, 17 hours ago
Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar
1 week ago
Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
1 week ago
Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar
1 week, 1 day ago
Rupee falls 3 paise to 84.83 against U.S. dollar in early trade
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1 week, 1 day ago
Indian rupee to face renewed pressure as US yields climb
1 week, 1 day ago
Rupee recovers 10 paise to end at 84.78 against U.S. dollar
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1 week, 4 days ago
Inflows help rupee end higher on day but weekly losing streak persists
1 week, 4 days ago
Rupee holds up in face of broad dollar rally thanks to central bank
1 week, 4 days ago
Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade
1 week, 4 days ago
Rupee hits new low of 84.88 against USD
1 week, 4 days ago
Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar
1 week, 5 days ago
Rupee hits record low, RBI intervention counters bearish tilt
1 week, 5 days ago
Rupee hits lifetime low before RBI intervened to stop further decline
1 week, 5 days ago
Rupee slips to record low but central bank steps in to curb losses
1 week, 5 days ago
Rupee takes a dive, more turbulence in 2025
1 week, 5 days ago
Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade
1 week, 6 days ago
Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar
2 weeks ago
Rupee drops 8 paise to close at 84.74 against U.S. dollar
2 weeks, 1 day ago
Rupee ends marginally lower, near-term bearish bias tipped to persist
2 weeks, 1 day ago
Rupee falls 7 paise to 84.73 against US dollar in early trade
2 weeks, 1 day ago
Rupee expected to open higher amid Dollar decline and RBI policy review
2 weeks, 4 days ago
Dollar retreat to boost rupee before RBI rate decision
2 weeks, 4 days ago
Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar
2 weeks, 5 days ago
Rupee's slide: What it means for economy, markets, and you
2 weeks, 6 days ago
India rupee may stay under pressure, bonds to follow cenbank policy decision
3 weeks, 1 day ago
Rupee falls 2 paise to 84.49 against U.S. dollar in early trade
3 weeks, 4 days ago
Rupee to bypass recovery in Asian peers on worries over outflows
3 weeks, 4 days ago
Rupee eyes breathing room as dollar softens, US bond yields dip
3 weeks, 5 days ago
Rupee rises 7 paise to 84.22 against US dollar in early trade
4 weeks ago
Rupee poised for some relief on softer dollar, portfolio flows
4 weeks, 1 day ago
India rupee to gauge portfolio flows, bond yields to eye US peers
4 weeks, 1 day ago
Dollar rebound and persistent outflows to keep rupee under pressure
1 month ago
Strong US dollar, domestic sell-off push rupee to all time low of 84.50
1 month ago
Rupee nearly flat; cenbank intervention supports as equities stay tepid
1 month ago
Rupee rises 8 paise to 84.38 against US dollar in early trade
1 month ago
Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar
1 month, 1 week ago
Rupee slips 1 paisa to close at fresh all-time low of 84.39 against U.S. dollar
1 month, 1 week ago
Rupee falls to all-time low against US dollar
1 month, 1 week ago

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