The Indian rupee fell to a historic low against the US dollar on Tuesday as rising oil prices, foreign investor withdrawals and weak market sentiment intensified pressure on India’s economy. The rupee opened at 95.50 per dollar before slipping further to 95.6250, surpassing the previous record low reached last week and extending losses since the […]
foreign outflows
Indian rupee falls past 90 per dollar on trade worries
India’s rupee fell to a record low of over 90 per dollar on Wednesday, continuing recent declines. Traders partly blame delays in a trade deal with the United States. The fall adds pressure on Asia’s fifth-largest economy amid current account deficits and foreign outflows. The rupee has been one of Asia’s worst-performing currencies this year. […]