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The Indian rupee plummeted to a record low on Wednesday, driven by a combination of bearish market sentiment, speculation over a potential Reserve Bank of India (RBI) rate cut, and stop-loss triggers that accelerated the currency’s decline. The rupee weakened to 87.4875 against the U.S. dollar before settling at 87.4650, marking a 0.4% drop for…
Rupee Rebounds 21 Paise from Record Low to ₹86.49 Against US Dollar Amid Crude Oil Decline In early trade on Tuesday, the Indian rupee rebounded from its all-time low, appreciating by 21 paise to ₹86.49 against the US dollar. This recovery comes as the American currency softened and global crude oil prices eased, providing much-needed…
Rupee Falls to All-Time Low of 85.80 Against US Dollar Amid Market Turmoil Mumbai, Dec 27 (PTI): The Indian rupee recorded its sharpest single-day decline in six months, plummeting by 53 paise to hit a new all-time intraday low of 85.80 against the US dollar during Friday’s mid-session. The steep fall comes as rising US…