Rupee falls below 90 against dollar amid trade deal uncertainty
after close1 source ↓written by the desknot a recommendation
- against the US
- 90-mark
- closing
- 90.19
- this year
- 5.35%
The rupee breached the 90-mark against the US dollar, closing at 90.19. This decline is attributed to FPI outflows, uncertainty surrounding the India-US trade deal, and increased demand for dollars from importers. The currency has depreciated 5.35% this year, raising concerns about market sentiment.
Not investment advice. For informational purposes only.