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Currency: The rupee at its lowest point in history against the dollar

13/11/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Plagued by continued high inflation and the withdrawal of foreign investors attracted to other destinations, the Indian rupee recorded a new record of weakness against the dollar.

The Indian rupee fell to 84.3998 rupees to the dollar. It has dropped 0.33% since the election of Donald Trump to the American presidency. This trend is marked for a currency whose movements are partially controlled by the central bank, the RBI (Reserve Bank of India

).
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