Rupee sinks further, hits new all-time low of 90.74 vs dollar
N Shorts
Rupee sinks further, hits new all-time low of 90.74 vs dollar
The Indian rupee hit a fresh all-time low of 90.74 against the US dollar, pressured by uncertainty over an India-US trade deal and continued foreign fund outflows. Despite positive macro cues, the rupee struggled as importers' strong dollar demand and risk-averse sentiment dominated. Experts see a bullish near-term bias for the USD-INR pair.
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