Rupee hits historic low of ₹91 against USD
after close1 source ↓written by the desknot a recommendation
- on 22 Dec
- ₹91 per US dollar
The Indian rupee has fallen to ₹91 per US dollar on 22 Dec 2023, marking a historic low. This depreciation raises concerns for investors and businesses, impacting pricing pressures and overseas investments.
Key Points:
• Heightened global trade tensions and US tariffs are driving volatility.
• Increased import costs and reduced export competitiveness are evident.
• Investors may reconsider exposure to emerging markets amid rising US yields.
Not investment advice. For informational purposes only.