Rupee risks breaching record low amid rate outlook
pre-market1 source ↓written by the desknot a recommendation
- against the U.S
- ₹88.7650
- week-on-week and nearing
- 1%
- all-time low
- ₹88.80
The Indian rupee closed at ₹88.7650 against the U.S. dollar, down 1% week-on-week and nearing its all-time low of ₹88.80. Traders anticipate continued support from the Reserve Bank of India to manage bond yields and prevent further rupee depreciation. Market sentiment remains cautious as dollar demand rises, testing the RBI's resolve.
Not investment advice. For informational purposes only.