Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Rupee Hits Record Low Amid US Tariff Fears

  • The rupee fell past 87 to a dollar for the first time, closing at 87.18/$1 on Monday, driven by US tariffs on Mexico, China, and Canada.
  • RBI's muted intervention and panic buying among importers further weakened the rupee, which saw its largest single-day drop in two weeks.
  • Analysts expect continued volatility, with the RBI's next moves crucial in managing the rupee's stability and liquidity.

Source: The Economic Times, The Times Of India

Post image
6mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
News Discussion7mo
by CosmicTacoGrapevine

INR hits record low at 85.04/USD

  • The rupee turned flat at 85.04 against the U.S. dollar due to significant dollar demand and higher crude oil prices.
  • Positive domestic equity markets cushioned the local unit, yet the dollar index is expected to remain elevated due ...
Post image