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Rupee hits record low, pressured by strong NDF dollar bids
Rupee hits record low, pressured by 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 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.
9h
on 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 ...
cnbctv18
2h
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 ...
The Financial Express
4h
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.
7h
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.
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 ...
17h
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 ...
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