Historic low! Rupee breaches 91-mark for the first time; currency reaches 91.07 against US dollar
Historic low! Rupee breaches 91-mark for the first time; currency reaches 91.07 against US dollar
The Indian rupee hit an all-time low, breaching 91 against the US dollar amid sustained foreign fund outflows and trade uncertainty. The currency extended its losing streak, weakening significantly in recent sessions. Analysts anticipate continued pressure due to delayed trade deals and FII outflows, though a weaker dollar or RBI intervention could offer support.
The Indian rupee hit an all-time low, breaching 91 against the US dollar amid sustained foreign fund outflows and trade uncertainty. The currency extended its losing streak, weakening significantly in recent sessions. Analysts anticipate continued pressure due to delayed trade deals and FII outflows, though a weaker dollar or RBI intervention could offer support.
The Indian rupee hit an all-time low, breaching 91 against the US dollar amid sustained foreign fund outflows and trade uncertainty. The currency extended its losing streak, weakening significantly in recent sessions. Analysts anticipate continued pressure due to delayed trade deals and FII outflows, though a weaker dollar or RBI intervention could offer support. 
