Tag: rupee record low

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Posted in Economy

Oil, rupee, markets: All alarms are blaring for India’s economy

Indian financial markets were jolted on Monday as a sharp spike in global oil prices triggered a broad sell-off across currencies and equities, exposing the…

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With fundamental pressures mounting on rupee amid surging brent crude oil prices, the market's focus has shifted entirely to Reserve Bank of India. (Reuters)
Posted in Business

Rupee faces record low at open as $117 oil deepens deficit fears| Business News

The Indian rupee is poised to plunge to an all-time low at Monday’s open, battered by a relentless rally in global crude oil prices and…

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The rupee is heading towards its sharpest yearly fall since 2022. (AFP)
Posted in Business

Rupee hits new all-time low of 90.72 vs Dollar with India-US trade deal in limbo| Business News

The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal and…

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Posted in Economy

RBI to tolerate weaker rupee as inflows dry up, sources say

India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar…

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Posted in Economy

Policymakers count the costs as rupee breaches 90/dollar barrier: Here is what could be in store for India now

The rupee sank to a record low against the US dollar on December 3, briefly breaching the psychological 90 mark before settling just below it….

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The rupee declined to 89.59 against the U.S. dollar, dipping past its previous record low of 89.49 hit about two weeks ago. (Bloomberg)
Posted in Business

Rupee weakens to record low against US dollar| Business News

The Indian rupee dropped to a lifetime low on Monday, with unfavourable trade and portfolio flows and the lack of a U.S.-India trade deal overshadowing…

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