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.

Jan 4, 2025 - 21:00
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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.

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