Indian Rupee Hits Low record of 85.73 Against US Dollar

Indian Rupee Hits Low record of 85.73 Against US Dollar Amid Continued demand Surge.
The Indian Rupee (INR) plunged to a record low of 85.73 against the US Dollar on Friday, December 27, 2024. This marks the ninth consecutive day of strong demand for the dollar, which has significantly weakened the rupee. With this drop, the INR is set to ...
Indian rupee drops to all-time low against US dollar
The Indian rupee dropped to a lifetime low versus the U.S. dollar at open on Thursday, bogged down by higher U.S. Treasury yields and the dip in most Asian peers. The rupee was quoting at 85.2400 to the U.
9th consecutive decline! Indian rupee hits record low of ₹85.73/dollar
The Indian rupee has witnessed a sharp fall against the US dollar, hitting a fresh low of ₹85.73 on Friday. This is the currency's ninth straight day of decline, largely due to strong dollar demand in the non-deliverable forwards (NDF) market.
Why is the Indian rupee falling against the US dollar?
Like any other trade in life, the relative value of one currency against another depends on which is demanded more. If Indians demand more US dollar than Americans demand the Indian rupee, the exchang
Rupee hits fresh record low, falls 23 paise to 85.50 against US dollar
Rupee hits record low at 85.50 against dollar due to strong greenback and month-end demand, despite equity market gains.
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.
Rupee hits record low after biggest single-day fall since Feb 2023
India’s import bill is expected to increase by about $15 billion due to INR depreciation impact, says Global Trade Research Initiative (GTRI).
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