Indian rupee plummets to all-time low against US Dollar
Indian Rupee plummets to all-time low against US Dollar - The rupee continued the trend from Friday when it had plunged 55 paise against the US dollar to close at 76.90.
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Indian Rupee plummets to all-time low against US Dollar - The rupee continued the trend from Friday when it had plunged 55 paise against the US dollar to close at 76.90.
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Traders said after the initial fall in the dollar/rupee, importers and banks rushed to purchase the greenback amid the ongoing geopolitical risks.
The rupee had lost more than 16 per cent since January and plunged to 74.43 last week to the dollar, making it the worst emerging market currency.
New Delhi: Rising costs have affected the financial health of regular middle-class people in India, from everyday necessities like tomatoes, milk, and edible oils to transportation fuels.