Rupee breaches 90 against dollar, CEA comments on outlook
after close1 source ↓written by the desknot a recommendation
- against the US
- 90.30
- depreciation this year
- 5%
The rupee has declined to 90.30 against the US dollar, a 5% depreciation this year. Chief Economic Adviser V Anantha Nageswaran stated that the government is not overly concerned, noting no significant impact on inflation or exports. The decline is attributed to FII outflows and dollar buying by banks, alongside a dip in equity markets.
Not investment advice. For informational purposes only.