Read ePaper

Indian Rupee Hits Record Low

Rupee Drops to Record Low, Nearing 84 Amid Global Market Worries

05 Aug 2024

On Monday, the Indian rupee depreciated against the US dollar, reaching an all-time low amid global heavy selling in stock markets due to concerns about a potential US recession. As of 12:18 pm, the rupee was trading at 83.85, down from Friday's close of 83.75. It opened at 83.78, surpassing...

Rupee Hits Record Low As Asian Currencies Fall

11 Jun 2024

The Indian rupee declined marginally to close at a record low, influenced by the weakness of other Asian currencies, despite sporadic dollar-selling interventions by the central bank towards the end of trading. According to traders, these dollar sales did manage to prevent more significant losses. The rupee ended at 83.5650...