Rupee returns to red! Currency falls to 92 per US Dollar
The rupee hit a record low of 92.00 against the US dollar on Thursday morning due to sustained greenback demand and a cautious global market. Heightened geopolitical tensions and rising crude oil prices, exacerbated by US warnings to Iran, are pressuring emerging market currencies. Domestic equities also opened lower, reflecting investor caution.
The rupee hit a record low of 92.00 against the US dollar on Thursday morning due to sustained greenback demand and a cautious global market. Heightened geopolitical tensions and rising crude oil prices, exacerbated by US warnings to Iran, are pressuring emerging market currencies. Domestic equities also opened lower, reflecting investor caution.
