GgoogleIN first seen 10 d ago, last 4 d ago, peak #2
Rupee hovers near record lows against the dollar
Original: usd inr
The Indian rupee is trading near record lows against the US dollar, prompting close attention from markets and the Reserve Bank of India. RBI governor Sanjay Malhotra said the rupee may be undervalued and that the central bank will ensure stability, while new forex rules have opened a dollar window for oil firms and tightened currency bets. Analysts cite a firm dollar, high US yields and oil prices as pressure points, though softer oil and fading Fed hike expectations have offered some relief.
Why now: The rupee is hovering near its record low against the dollar, making the exchange rate a live concern for traders, importers and travellers.
Indian rupeeUS dollarReserve Bank of IndiaSanjay Malhotra
Rank over time, top of the chart is #1. 4 snapshots from 5 d ago to 4 d ago.
Evidence
- Planning A Foreign Holiday? How RBI's New Forex Rules Can Affect Your Travel Budget · NDTV
- RBI opens dollar window for oil firms, tightens forex bets as rupee nears record low · Telegraph India
- Rupee undervalued; RBI will ensure stability in INR, helping it find its correct value · YourStory.com
- Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra · The Times of India
- Rupee rises 10 paise to 96.65 against U.S. dollar in early trade · The Hindu
- Rupee Weakens Near Record Lows As Firm Dollar, High US Yields And Oil Weigh · Investing.com India
- Rupee Holds Near 96.5 As Softer Oil And Fading Fed Hike Bets Offer Some Relief · Investing.com India
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