Rupee hits record low of 95.80 against US dollar
pre-market1 source ↓written by the desknot a recommendation
- against the US
- 95.80
- to trade between
- 95.45–96.15
- Rupee opened
- 95.52
The Indian rupee fell for the fourth consecutive session, reaching an all-time intraday low of 95.80 against the US dollar. This decline is attributed to elevated crude oil prices, foreign institutional outflows, and inflation concerns amid global risk aversion linked to the West Asia crisis. Analysts expect the USD-INR to trade between 95.45–96.15.
• Rupee opened at 95.52, later dropping to 95.80
• Factors include rising oil prices and a stronger dollar
• Continued foreign investor selling adds pressure
Not investment advice. For informational purposes only.