Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar
The Indian rupee continued its downward trajectory, closing at a record low of 92.40 against the US dollar, a fall of 12 paise compared to the previous session. This depreciation underscores the mounting pressure on India’s currency markets, driven by strong global demand for the dollar, elevated crude oil prices, and persistent foreign capital outflows….