The Indian rupee has recently touched record lows near 96 against the US dollar amid rising crude oil prices, foreign investor outflows and geopolitical tensions in West Asia. Economists are now debating what could happen if the currency weakens further and reaches the psychologically important 100-per-dollar level. Experts say such a move would not automatically…
The Indian rupee weakened by 20 paise to hit a record low of 95.86 against the U.S. dollar during early trade on Thursday. Rising crude oil prices and strong demand for the American currency pressured the local unit. Traders said foreign fund outflows and weak domestic equities also affected market sentiment. A stronger dollar in…
The Indian rupee record low against the US Dollar on Tuesday. The currency touched 95.40 in early trade, marking a sharp decline in value. The move reflects a deepening Rupee record low against US Dollar trend in recent weeks.Traders pointed to global uncertainty and sustained dollar strength. The US Dollar remained firm due to expectations…
