Indian Rupee Hits Record Low Against The US Dollar, Plunging To 85.57
In a new stark development, the currency dynamics are again at play, with the Indian rupee plummeting to hit a new low. At press time, INR is sitting at $85.57, trading at a staggeringly low level against the US dollar. Also Read: Crypto Fuels Russia’s De-Dollarization — Global Power Shift Looms INR Plummets To An All-Time Low Against The US Dollar Source: Reuters / ShutterStock The Indian rupee has hit a record low against the US dollar in a new development. Lately, the Indian rupee has been projecting a lowering price pattern, showing signs of gradual decay and descension. Source: Google The INR degradation has been triggered by multiple factors, including the consistent outflow of foreign funds, inciting market mayhem in the process. The latest RBI data shows that the Indian forex reserves are well equipped to meet the next 11-month import requirement, robusting the economic pathway ahead. Other than that, possible concerns over US-India relations under Trum p’s regime, with fears ...