Rupee hits record low of 94.85 against USD
after close1 source ↓written by the desknot a recommendation
- to a record
- 0.32%
- per USD
- 94.85
- crude surged
- 3%
- depreciation
- 5%
The Indian rupee fell 0.32% to a record low of 94.85 per USD on Wednesday, driven by rising crude oil prices and foreign capital outflows. Brent crude surged over 3% to nearly USD 115 per barrel, adding pressure on emerging market currencies amid geopolitical tensions in West Asia. This marks a 5% depreciation for the rupee this year.
Not investment advice. For informational purposes only.