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Rupee hits record low, pressured by strong NDF dollar bids
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.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
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.
The Week
6m
India forex reserves plummet to 7-month low as rupee keeps falling: RBI data
Here is how much India’s forex reserves have fallen to, according to the latest RBI data, as they seem to mirror the sliding ...
1h
on MSN
India's CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report
India's Current Account Deficit (CAD) is projected to exceed 2 per cent of GDP in Q3 FY25 due to rising gold imports. Despite ...
5h
on MSN
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 ...
1d
on MSN
From Rupee devaluation to Mutual Funds: How Manmohan Singh opened India’s doors to the world
Faced with a dire financial crisis in 1991, Manmohan Singh, then Finance Minister, introduced the New Economic Policy under ...
5d
on MSN
India rupee seen under pressure, bonds to track US peers
The Indian rupee may remain pressured this week by a broadly stronger U.S. dollar after the Federal Reserve forecast fewer ...
cnbctv18
13h
Top Stories | India mourns Manmohan Singh, rupee hits record low, Ultratech’s big acquisition and more
TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial ...
18h
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 ...
1h
on MSN
India's CAD Likely To Exceed 2 Per Cent Of GDP In Q3 FY25 Amid Gold Import Surge: Report
The report highlighted that sluggish FPI inflows in recent months, coupled with a stronger US dollar, are likely to exert ...
Fortune India
21h
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 ...
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