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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.

Zee Business · 3h

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 · 3h

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.

Hosted on MSN · 8h

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.

13hon 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 ...

20m

Rupee hits new low at Rs 85.54 after worst intraday fall in 2 years

The Indian unit ended the day with a 0.3 per cent fall, the steepest since June 4, when the general election results were ...

Business Line6h

Rupee hits new low as RBI’s forward strategy stir markets

Rupee has still been one of the best currencies amongst Asian peers as the rupee has just depreciated by mere 1.70 per ...

Republic Business on MSN5h

Rupee sinks 53 paise to hit new all-time low of 85.80 in mid session

The rupee recorded its steepest single-day fall in past six months, sinking 53 paise to hit a new all-time intraday low of 85 ...

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 ...

1d

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 ...

3h

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.

The Financial Express8h

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.

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