Indian Rupee Hits Record Low of 89.85 Against U.S. Dollar

The Rupee falls to a historic low of 89.85 against the U.S. dollar, driven by global pressures.

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Indian Rupee Hits Record Low of 89.85 Against U.S. Dollar

Indian Rupee Hits Record Low of 89.85 Against U.S. Dollar
The Indian Rupee dropped 32 paise in early trade, hitting an all-time low of 89.85 against the U.S. Dollar. The sharp decline is attributed to a strengthening dollar, rising global inflationary pressures, and concerns over India's current account deficit. Analysts suggest the rupee may remain under pressure if the global economic outlook worsens.
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