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.
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,
Rupee hits record low against US dollar in early trade
The Indian rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid a stronger US dollar and continued foreign capital outflows.
Rupee hits record low, hurt by rise in US bond yields, importer dollar bids
The Indian rupee dropped to its lifetime low on Tuesday, hurt by persistent dollar demand from importers and a rise in U.S. bond yields which boosted the dollar. The rupee hit a low of 85.1625 against the U.
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.
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RBI spent $44.5B to protect Indian rupee's value in October
The rupee's relative stability was due to the RBI's heavy dollar sales strategy in response to these outflows. The US dollar ...
Indian central bank likely selling dollars to cap rupee depreciation, traders say
The Indian central bank was likely selling dollars to limit the rupee's losses after it hit a record low on Tuesday on higher ...
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 ...
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US bond yields boost dollar, leave Indian rupee weakened
The rupee declined to 85.2075 against the U.S. dollar, casting a shadow on its previous record low of 85.12 hit on Monday ...
Rupee at 85 to a Dollar: Sinking Towards 100?
The Indian rupee’s exchange rate against the US dollar has breached the 85-mark. What does it mean? Why has the rupee ...
Rupee plumbs new lows on month-end dollar demand
The RBI's foreign exchange reserves dropped to a six-month low of $652.8 billion, reflecting the central bank's frequent ...
Republic Business on MSN21h
For How Many Months Indian Forex Reserves Can Cover Imports? RBI Shares
India's foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of ...
The Financial Express1d
Rupee impact: Labour-intensive exports: Gains likely to be tenuous, short-lived
In contrast, the leather goods segment, which heavily depends on imported components like synthetic materials and metal ...