Rupee falls to record 85.77 vs $, forex kitty at 8-month low
The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India's foreign exchange reserves dipped to an eight-month low. Analysts anticipate potential further depreciation of the rupee amid strong US economic indicators and fluctuating crude oil prices.
The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India's foreign exchange reserves dipped to an eight-month low. Analysts anticipate potential further depreciation of the rupee amid strong US economic indicators and fluctuating crude oil prices. What's Your Reaction?
