Rupee declines as US trade deadlock continues
pre-market1 source ↓written by the desknot a recommendation
- for the third
- ₹90 per US dollar
- this year
- 6% decline
- in foreign outflows
- $18 billion
The Indian rupee has fallen past ₹90 per US dollar for the third consecutive day, marking a 6% decline this year. Ongoing trade negotiations with the US and $18 billion in foreign outflows are straining the currency's stability. Despite the RBI's efforts, including a three-year dollar-rupee swap auction, the rupee remains under pressure due to these external factors.
Not investment advice. For informational purposes only.