Rupee hits record low amid dollar strength
pre-market1 source ↓written by the desknot a recommendation
- on Monday
- ₹88.80
- compared to gains
- 3.6%
The Indian Rupee fell to a record low of ₹88.80 on Monday, pressured by dollar outflows and oil-related buying. Despite interventions by the Reserve Bank of India, the rupee remains Asia’s worst performing currency this year, down 3.6% compared to gains in other emerging Asian currencies.
Traders should monitor ongoing foreign portfolio withdrawals and the impact of US tariffs on Indian goods, which could further affect the rupee's stability.
Not investment advice. For informational purposes only.