Rupee hits record low as CEA warns of further decline
after close1 source ↓written by the desknot a recommendation
- per dollar
- ₹95.75
- before closing
- ₹95.63
The rupee fell to an all-time low of ₹95.75 per dollar before closing at ₹95.63. Chief Economic Advisor V Anantha Nageswaran emphasized that preventing further depreciation is a central macroeconomic imperative for FY27. He highlighted ongoing structural shifts in the global economy and their impact on India's current account and inflation.
This situation may lead to increased market volatility and could influence investor sentiment in the currency and equity markets.
Not investment advice. For informational purposes only.