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. The rupee weakened to an all-time low of 85.
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.
Rupee hits new low as RBI’s forward strategy stir markets
Indian Rupee hits record low at 85.81 per dollar, driven by RBI actions, market activity, and speculation, experts say.
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.
Indian Rupee Hits Low record of 85.73 Against US Dollar Amid Continued demand Surge.
The rupee dropped to the lowest value ever for the first time as the depreciation, driven by a consistent nine-day demand for the dollar and end-of-month currency contract expiries.
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 hits record low for sixth straight session as broad dollar strength persists
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.
The Pioneer14m
Rupee falls further 23 paise to hit fresh record low of 85.50 against US dollar
The rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected central bank intervention helped recover some of its losses and settled 23 paise lower at a ...
Rupee skids sharply before RBI applies the brakes
On Friday, the rupee experienced its steepest decline to date, reaching an all-time low of 85.53 against the US dollar, ...
Wider trade deficit, tepid capital flows push rupee to all-time low
The Indian rupee hit a lifetime low for the seventh straight session on Thursday, adding to its losses in the current quarter ...
The Express Tribune8h
Gold prices, rupee lose ground
In the local market, the price of gold per tola was Rs273,200, marking a decrease of Rs800, according to the All-Pakistan ...
The Tribune7h
Rupee at new low against
The rupee fell sharply to hit its lifetime intraday low of 85.80 on Friday, marking its steepest drop in almost two years, ...
Top news on December 27: Rupee hits new low; tributes pour in for Manmohan Singh; hailstorm alert in Delhi, more
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 ...
Deccan Herald6h
Rupee sees steepest 1-day fall since February 2023
Beyond the strengthening of the dollar post Donald Trump’s win in the US elections, elevated global crude oil prices and a ...
The Financial Express23h
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.