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GgoogleIN first seen 17 d ago, last 8 h ago, peak #1

Indian rupee hits record low against the dollar

Original: ரூபாய்

The Indian rupee has fallen to around 94.92 against the US dollar, a fresh record low, driven by persistent dollar strength and capital outflows. Tamil-language media are closely tracking the Reserve Bank of India's efforts to defend the currency, with some reports noting a brief recovery credited to RBI intervention. The weak rupee is also feeding into concerns about rising gold prices ahead of Diwali, with large jewellery shops limiting sales.

Why now: The rupee hitting a record low against the dollar is a major economic concern for importers, investors and households in India.

Indian rupeeReserve Bank of IndiaUS dollar

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