2024-12-26 14:27
IndustriRupee Hits New Record Low Amid Multiple Pressures
The Indian rupee has hit a new record low for the seventh straight session, driven by a widening trade deficit and weak capital inflows. The BoP is expected to show a significant deficit, and a strong US dollar exacerbates the pressure on the rupee. IDFC forecasts further weakening to 86 by 2025.
#INR #ForeignExchange #Economy
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Rupee Hits New Record Low Amid Multiple Pressures
| 2024-12-26 14:27The Indian rupee has hit a new record low for the seventh straight session, driven by a widening trade deficit and weak capital inflows. The BoP is expected to show a significant deficit, and a strong US dollar exacerbates the pressure on the rupee. IDFC forecasts further weakening to 86 by 2025.
#INR #ForeignExchange #Economy
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