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Rupee hits record low on strong NDF dollar bids

Hosted on MSN · 6h

Rupee hits record low on 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.

Zee Business · 2h

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.

The Indian Express · 2h

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 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.

11hon MSN

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 ...

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 ...

2h

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.

Fortune India4h

Rupee hits record low in 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 ...

The Financial Express7h

Rupee touches record low in 2024, but volatility stays low, says CareEdge Ratings

Rupee hits record low against dollar in 2024; explore how RBI interventions and stable oil prices maintain low volatility.

4d

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 ...

1h

India's current account deficit remains flat, rupee under pressure

The widening deficit is putting additional pressure on the Indian rupee, which fell to a record low of 85.8150 against the US ...

1d

As rupee hits new lows, real effective exchange rate soars to an all-time high

The real effective exchange rate (REER) index of the rupee touched a record 108.14 in November, strengthening by 4.5 per cent ...

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