Indian rupee, US dollar
Rupee’s Drastic Fall For The 1st Time In History, Know WHY
The Indian rupee reached an unprecedented low, falling past the 85-mark against the US dollar for the first time in history. The currency depreciated by 12 paise, hitting an all-time low of 85.07 during morning trading. This drop is attributed to a hawkish stance from the US Federal Reserve, which triggered a widespread rally in the US dollar.
Indian rupee plummets to record low, nears 85 per USD
The Indian rupee has witnessed a sharp fall, hitting an all-time low of 84.94 against the US dollar on December 18. The fall is just six paise shy of the 85 mark, hinting at further decline. The currency opened slightly lower than its previous close at 84.92, down by two paise from 84.90.
The Indian rupee dropped to a record low on Wednesday, weighed by persistent demand for U.S. dollars from importers and ...
The depreciation is expected to affect Indian students aspiring to study abroad, particularly in countries like the US, where ...
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction ...
The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view ...
"Indian rupee, which ended at it's lowest after Fed's hawkish rhetoric on interest rates, along with Asian currencies, is ...
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