Indian Rupee Crashes Past ₹90 for the First Time Against US Dollar
The Indian rupee plunged to a record low on December 3, slipping past the crucial ₹90-per-US dollar threshold for the first time. The currency touched 90.13, falling beyond the previous day’s all-time low of 89.9475. Weak trade inflows, muted portfolio investments and uncertainty surrounding the India–US trade agreement contributed to the continued pressure. The sharp […]
Indian Rupee Drops 5 Paise to ₹87.63 per US Dollar in Early Trade
The Indian rupee opened lower against the US currency on Thursday, dropping 5 paise to ₹87.63 in opening deals. It’s a clue to mild pressures on the local currency, fueled by domestic and overseas market sentiment. Although the adjustment seems small, it reflects persistent global headwinds, which are: • Robust US dollar supported by optimism […]