Rupee hits record low as USDINR breaches 92.50
The Indian rupee fell to a record low as USDINR breached 92.50, driven by aggressive importer demand and thin dollar liquidity. Resistance is noted at 92.85, while support stands at 92.40, indicating potential volatility ahead.
pre-market1 source ↓written by the desknot a recommendation
- USDINR broke below
- 92.50
- is seen
- 92.85
- with 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 dollar demand from importers persisted. Resistance is seen at 92.85, with support at 92.40.
Not investment advice. For informational purposes only.