Indian rupee hits record low as markets decline
pre-market1 source ↓written by the desknot a recommendation
- per dollar
- ₹94.81
- from the previous
- 84 paise
- in Indian equities
- 2% drop
The Indian rupee fell to a record low of ₹94.81 per dollar on Friday, weakening 84 paise from the previous close. This decline comes amid rising crude oil prices and ongoing geopolitical tensions, leading to a 2% drop in Indian equities, marking five consecutive weeks of losses. Analysts warn of potential further declines if the conflict persists.
Not investment advice. For informational purposes only.