Rupee hits record low, pressured by strong NDF dollar bids
Indian rupee in freefall? Why it keeps hitting record lows
The Indian rupee has witnessed a record fall against the US dollar, hitting an all-time low of 85.21 on Tuesday. This is the six straight session of decline for the currency. The fall is due to rising US bond yields and strong dollar demand from importers.
The Indian rupee dropped to a lifetime low versus the U.S. dollar at open on Thursday, bogged down by higher U.S. Treasury ...
The Indian rupee hit a new low on December 27, falling 0.6% to 85.7437 per dollar. The Sensex and Nifty 50 gained, driven by ...
At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against ...
The rupee's relative stability was due to the RBI's heavy dollar sales strategy in response to these outflows. The US dollar ...
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The report noted that the key pressures include slowing foreign direct investment (FDI) inflows, weak manufacturing exports, ...
The Indian central bank was likely selling dollars to limit the rupee's losses after it hit a record low on Tuesday on higher ...
Like any other trade in life, the relative value of one currency against another depends on which is demanded more. If ...
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading a tad higher at 108.1 ...
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