Bajaj Auto welcomes record low rupee as export boost
after close1 source ↓written by the desknot a recommendation
- against the dollar
- ₹90.296
- depreciating
- 0.42%
The Indian rupee has hit a record low of ₹90.296 against the dollar, depreciating by 0.42%. Bajaj Auto's executive director, Rakesh Sharma, views this as "party time" due to enhanced export demand post-festive season. The weak rupee is attributed to uncertainties surrounding the India-US trade deal, leading to increased selling pressure in the currency markets.
Not investment advice. For informational purposes only.