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.
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
Indian rupee rebounds slightly after hitting record low of Rs 85.13
The Indian rupee saw a modest recovery on December 20, appreciating by 6 paise to open at Rs 85.07 against the US dollar in early trade. This comes after it hit an all-time low of Rs 85.13 the previous day,
Indian rupee hits record low of 85.12 against US dollar
The Indian Rupee has hit a record low, plummeting to 85.12 against the US dollar. This is the fifth trading session in a row where the rupee has hit a new record low, beating Friday's previous record of 85.
Rupee remains under pressure, touches new low of 85.12 per dollar
The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows
Rupee turns flat at 85.04 against US dollar in early trade
The rupee saw some recovery from its all-time low level and settled 9 paise higher at 85.04 against the US dollar.
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