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Rupee rebounds from record low of 92.02 to end marginally higher against US dollar

Buzz line3 weeks ago03 mins

The rupee on Friday hit its record low of 92.02 before ending a tad higher at 91.97 against the US dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange, the…

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India rupee falls to fresh record low, near 92 mark amid strong US dollar demand

Buzz line4 weeks ago01 mins

The Indian rupee hit a fresh record low on Friday, January 23, amid strong demand for the US dollar from corporates and importers. The rupee slipped to 91.99, slipping past the previous record low of 91.7425 hit on Wednesday. Meanwhile, from its last closing price of 91.41, the domestic unit slumped 0.63%. (This is a…

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