Rupee hits record low as USDINR breaches 92.50
after close1 source ↓written by the desknot a recommendation
- USDINR broke below
- 92.50
- and support
- 92.85
- and support
- 92.40
The Indian rupee fell to a record low as USDINR broke below 92.50, triggering a sell-off amid thin dollar liquidity before the bank holiday. Despite strong risk appetite and lower crude prices, aggressive importer dollar demand and geopolitical tensions raised concerns over a widening trade deficit. Resistance is noted at 92.85 and support at 92.40.
Not investment advice. For informational purposes only.