Rupee hits weakest level in three years against dollar
after close1 source ↓written by the desknot a recommendation
The rupee closed at ₹91.93 on January 30, marking its weakest level in three years, just shy of ₹92 against the dollar. The Reserve Bank of India intervened to prevent a close above this psychological barrier, indicating strong dollar demand in the market. This situation may impact trading strategies ahead of the Union Budget on February 1.
Not investment advice. For informational purposes only.