Rupee declines to 89.53 against US dollar amid trade concerns
after close1 source ↓written by the desknot a recommendation
- to close
- 8 paise
- against the US
- 89.53
- intraday low
- 89.79
- and support
- 89.95
- and support
- 89.30
The Indian rupee fell by 8 paise to close at 89.53 against the US dollar, driven by strong dollar demand and a widening trade deficit. The currency hit an intraday low of 89.79, reflecting ongoing pressure due to limited central bank intervention and delays in the India–US trade deal. Forex analysts expect the rupee to remain under pressure in the near term, with resistance at 89.95 and support at 89.30.
• Previous closing: 89.45
• Record low: 89.66 on 21 Nov 2023
• Dollar index: Tracking global trends.
Not investment advice. For informational purposes only.