negative
Rupee crashes past ₹89 per USD as outflows mount and trade deal ambiguity grows
The Indian rupee plunged to a fresh low of **₹89.49 per US dollar**, the steepest single-day drop in months, as portfolio outflows surged and uncertainty over a US-India trade deal weighed.
The slide came as the Reserve Bank of India appeared to allow the currency to breach previously defended levels, raising concerns over India’s external financing and trade-deficit outlook. Analysts warn that without a clear trade-deal breakthrough and intervention, the rupee may face ongoing pressure, impacting inflation and import costs.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
negative
Rupee crashes past ₹89 per USD as outflows mount and trade deal ambiguity grows
The Indian rupee plunged to a fresh low of **₹89.49 per US dollar**, the steepest single-day drop in months, as portfolio outflows surged and uncertainty over a US-India trade deal weighed.
The slide came as the Reserve Bank of India appeared to allow the currency to breach previously defended levels, raising concerns over India’s external financing and trade-deficit outlook. Analysts warn that without a clear trade-deal breakthrough and intervention, the rupee may face ongoing pressure, impacting inflation and import costs.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
1 min read
79 words
Indian rupee falls sharply past ₹89/$ amid outflows and trade‐deal uncertainty.
The Indian rupee plunged to a fresh low of **₹89.49 per US dollar**, the steepest single-day drop in months, as portfolio outflows surged and uncertainty over a US-India trade deal weighed.
The slide came as the Reserve Bank of India appeared to allow the currency to breach previously defended levels, raising concerns over India’s external financing and trade-deficit outlook. Analysts warn that without a clear trade-deal breakthrough and intervention, the rupee may face ongoing pressure, impacting inflation and import costs.
The Indian rupee plunged to a fresh low of **₹89.49 per US dollar**, the steepest single-day drop in months, as portfolio outflows surged and uncertainty over a US-India trade deal weighed.
The slide came as the Reserve Bank of India appeared to allow the currency to breach previously defended levels, raising concerns over India’s external financing and trade-deficit outlook. Analysts warn that without a clear trade-deal breakthrough and intervention, the rupee may face ongoing pressure, impacting inflation and import costs.
Tags:
- economy
- india
- economy
- india
- fx
- rupee
- trade