Rupee falls 6 paise to close at record low of 83.64 against US dollar
Thursday, 18 July 2024, 10:42
Rupee Weakens Against the US Dollar
The Indian rupee fell by 6 paise, hitting a record low of 83.64 against the US dollar.
Global and Domestic Factors
Strong Dollar: The US dollar's robust performance contributed to the rupee's decline.
Weak Global Currencies: The overall weakness in global currencies added pressure on the rupee's value.
Domestic Market Support: Despite external challenges, the rupee received some backing from domestic market dynamics.
- Investors are keeping a close eye on the currency market.
- Further developments are eagerly awaited.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.