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New Delhi: The Indian rupee suffered its steepest single-day drop in over two years. The sharp decline came as geopolitical tensions with Pakistan escalated. On Thursday, the rupee closed at 85.513 per U.S. dollar, down 0.93% from the previous day. It marked the currency’s biggest daily fall since early 2023. Tensions Shake Investor Confidence Market …
Continue reading “Indian Rupee Falls Sharply Amid Rising India-Pakistan Tensions”
The Indian rupee hit a record low on Wednesday. It fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. Strong dollar demand from importers and outflows from local equities added pressure. Weakness in regional currencies further weighed on the rupee. This trend came ahead of the U.S. Federal Reserve’s policy decision. …
Continue reading “Indian Rupee Hits Record Low Amid Strong Dollar Demand”
