Mumbai: The Indian rupee closed marginally stronger on Thursday, gaining 3 paise to settle at 92.51 against the US dollar, supported by weakness in the American currency even as geopolitical tensions kept market sentiment cautious. At the interbank foreign exchange market, the rupee opened at 92.63 and later touched an intraday low of 92.92 against Read More…
Tag: US Dollar
Indian Rupee Hits Record Low of 87.46 Against US Dollar Amid Rate Cut Expectations
The Indian rupee plunged to a record low, closing at 87.4650 against the US dollar on Wednesday, marking a 0.4% decline in a single day. The sharp depreciation is driven by growing expectations of an imminent interest rate cut by the Reserve Bank of India (RBI) and the triggering of stop-loss orders in the forex Read More…


