Rupee inches towards 96: Currency touches record low at 95.85 against US dollar
The Indian Rupee hit a fresh all-time low against the US dollar, slumping to 95.74 amid soaring crude oil prices and Middle East tensions. While RBI interventions and higher gold import duties offered some support, the currency remains vulnerable. Foreign investors offloaded equities, yet domestic stock markets opened higher.🕒 1 min read
The Indian Rupee hit a fresh all-time low against the US dollar, slumping to 95.74 amid soaring crude oil prices and Middle East tensions. While RBI interventions and higher gold import duties offered some support, the currency remains vulnerable. Foreign investors offloaded equities, yet domestic stock markets opened higher.
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