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Tag: rupee lifetime low

US sanctions and delays in trade deals dragged the rupee to a new record low at 89.48. A decline of 4.6% this year, what now?
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US sanctions and delays in trade deals dragged the rupee to a new record low at 89.48. A decline of 4.6% this year, what now?

The Indian rupee hit a new low of 89.48 against the US dollar on Friday, pressured by US sanctions imposed on certain Indian companies linked to Iran’s oil trade. The rate fell by 87 paise to close at an all-time low of 89.55 (provisional) against the US dollar.The coin breached the previous low of 88.80, […]

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