Rupee slips 60p to 85.84/$, worst fall since January
The rupee plunged to 85.84 against the dollar, marking its biggest single-day drop in almost three months, influenced by a domestic equity selloff and a stronger dollar index. Escalating trade tensions between the US and China, highlighted by retaliatory tariffs, fueled risk aversion and capital outflows from emerging markets like India, further weakening the rupee.
The rupee plunged to 85.84 against the dollar, marking its biggest single-day drop in almost three months, influenced by a domestic equity selloff and a stronger dollar index. Escalating trade tensions between the US and China, highlighted by retaliatory tariffs, fueled risk aversion and capital outflows from emerging markets like India, further weakening the rupee.
