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, 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 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 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.
Rupee hits fresh all-time low of 85.64 against US dollar
The rupee slipped to its record low of 85.64 against the US dollar on Friday, December 27. The Indian currency weakened to close at 85.27 against the greenback on Thursday.
Rupee plunges to record low of 85.74 against US dollar
The rupee hit a fresh record low on Friday, depreciating by 0.6 per cent to close at 85.7437 per US dollar. This marks its steepest single-day fall since February 2023, as per Bloomberg data. The local currency has extended its losing streak for the ninth consecutive session,
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.
cnbctv184h
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 ...
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.
Rupee to remain burdened by dollar outlook, importer demand
Indian rupee weakens further against US dollar due to strong dollar outlook and increased demand from importers.
Exchange Rates17h
US Dollar to Rupee Forecast: 84.3216 in Three Months
Sep 08,2015 Euro to Dollar, British Pound Sterling and Rupee Exchange Rate Projections: Credit Agricole Say Greek Referendum Driving Euro to US Dollar Trading Greece Misses IMF Payment ...
Forbes14h
Convert Pakistani Rupee To United States Dollar
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.