Rupee slumps to record low, logs worst day in nearly 7 months as dollar bids spike
The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers. The rupee weakened to an all-time low of 85.
Rupee hits record low, logs worst decline in 7 months as dollar demand spikes
The rupee plunged to an all-time low on Friday, closing at 85.5325 against the U.S. dollar, marking a single-day fall of 0.3 percent—its worst performance since June 2024. The currency hit an intraday low of 85.
Rupee falls 23 paise to hit fresh record low of 85.50 against US dollar
According to analysts, the Reserve Bank's stance to hold on to its dollar payments in short-term forward contracts added to the shortage of greenback, with importers rushing to meet their month-end payment obligations.
Rupee hits record low for sixth straight session as broad dollar strength persists
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
Rupee hits record low, pressured by strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Rupee ends at record closing low for 3rd straight session as dollar firms
The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and ...
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Explained | Why rupee is in a free fall against the US Dollar
Several factors are driving this decline. Firstly, the US Dollar has strengthened, supported by expectations around the ...
Rupee logs steepest intraday decline in nearly two years
The currency, however, made a sharp recovery to close at a record low of 85.54, down 28 paise compared to Thursday’s close of ...
Rupee to remain burdened by dollar outlook, importer demand
Indian rupee weakens further against US dollar due to strong dollar outlook and increased demand from importers.
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Rupee posts biggest single-day drop in two years against the US Dollar
The rupee slipped to its record low of 85.64 against the US dollar on Friday, December 27. The Indian currency weakened to ...
Exchange Rates1d
US Dollar to Rupee Forecast: 84.3216 in Three Months
Sep 08,2015 Euro to Dollar, British Pound Sterling and Rupee Exchange Rate Projections: Credit Agricole Say Greek Referendum Driving Euro to US Dollar Trading Greece Misses IMF Payment ...
Rupee Ends Week in Red Against US Dollar After Drop in SBP Reserves
The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 279 in the interbank market.
Rupee slips to all-time low pressured by weak yuan, importer dollar bids
The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar ...
Indian Rupee Declines Most Since February 2023
The Indian rupee fell the most in almost two years as month-end dollar demand by importers weighed on the currency.