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Indian rupee hits all-time low
Indian rupee drops to lifetime low against US dollar
The Indian rupee (INR) has witnessed a sharp fall, breaching the 84 mark against the US dollar for the first time ever today. The fall was prompted by a spike in oil prices and a foreign fund outflow from the equity market. The INR fell to a low of 84.0525 per US dollar, breaching its previous all-time low of 83.9850 on September 12.
Rupee drops past 84 against the US dollar for the first time on high oil prices, FII outflow
Rupee dropped to 83.9900 to the dollar, down from 83.9675 in the previous session. Rupee surpassed the previous lifetime low of 83.9850 hit on September 12.
Rupee hits all-time low against dollar, know why Indian currency fell, which one's strongest
This convergence of rising oil prices, stock market volatility, and persistent foreign capital outflows has contributed to the rupee's continued depreciation, pushing it to record lows against the US dollar.
Indian rupee hits all-time low
The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns about the recent spike in oil prices and the exodus of foreign money from the equity market.
India's trade minister says time for Indian rupee to appreciate
India's Trade Minister Piyush Goyal said on Monday it is time for the Indian rupee to appreciate on the back of inflows in debt and equity markets. "I believe India's currency should appreciate now. What else will we do with $700 billion (forex reserves),
Rupee weakens past 84-mark for first time against US dollar on foreign outflows
The currency slipped 0.1 percent to a record low of 84.11 on Friday. FIIs have offloaded $5.7 billion in stocks and $125 million in bonds this month, as per NSDL data.
Explainer: Why Indian Rupee Reached All-Time Low Against Dollar - Key Factors
The Indian rupee reached a record low against the US dollar on October 11. The rupee fell to a historic low of 84.0525 per dollar, crossing the important 84 mark. By the end of the trading day, the rupee settled at 84.
Indian rupee hits all-time low as currency drops past 84 against US dollar
The currency's decline past the 84 handle is significant as the Reserve Bank of India had been defending that level for over two months
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