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, […]
The rupee devalued by 21 paise to 88.40 against the US dollar in early trade on Tuesday, pressured by month-end dollar demand from importers and a rise in global crude oil prices. Forex traders said investors are watching Wednesday’s Federal Reserve policy decision for further clues. Markets assign a 97.8 percent probability of a 25 […]