Rupee slide continues: Currency tumbles to fresh life-time low – drops to 90.52 against US dollar
The Indian rupee hit a record low of 90.52 against the US dollar on Friday, extending its sharp decline this year. This weakness is attributed to a widening trade deficit, strong corporate dollar demand, and US tariffs. The Reserve Bank of India has intervened to stabilize the currency, which has lost over 5% this year.🕒 1 min read
The Indian rupee hit a record low of 90.52 against the US dollar on Friday, extending its sharp decline this year. This weakness is attributed to a widening trade deficit, strong corporate dollar demand, and US tariffs. The Reserve Bank of India has intervened to stabilize the currency, which has lost over 5% this year.
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