Rupee Cracks

Rupee Cracks 92 Barrier vs USD, to All-Time Low Amid Outflows and Importer Anxiety

The Indian rupee has plunged to a historic low, breaching the 92 per US dollar mark, as persistent foreign capital outflows and heightened importer demand for dollars weighed heavily on the currency. This marks the weakest level ever recorded for the rupee, sparking concerns across financial markets, businesses, and policy circles. Background of the Currency…

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Rupee

Rupee breaches 90-level mark in morning trade: Opens at 90.06 against the dollar

The Indian rupee witnessed a sharp depreciation in morning trade, breaching the psychological 90-level mark against the US dollar for the first time. Opening at 90.06, the currency’s slide reflects mounting global pressures, domestic challenges, and investor sentiment that has tilted towards safe-haven assets. The development has sparked intense debate among economists, policymakers, and market…

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