record low rupee - InfoVera Online

Rupee slides 35p to close at record low of 93.98 vs dollar – The Times of India

MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account …

Rupee weakens in NDF, set to slip past 93 as oil surges; RBI steps up key tool – The Times of India

by InfoVera Team

The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with …