Indian Rupee Depreciates To Record Low Against U.S. Dollar
05 Agosto 2024 - 2:41AM
RTTF2
The Indian rupee weakened against the U.S. dollar in the
European session on Monday, amid concerns over an escalating Middle
East conflict and fears the U.S. economy may be heading for a
recession.
Reports suggest the Benjamin Netanyahu-led government could
sanction a pre-emptive strike on Iran to prevent an attack on
Israeli soil.
Disappointing earnings from the likes of Intel and Amazon
ignited worries that the world's largest economy could be falling
into a recession under the weight of the Federal Reserve's policy
of high interest rates.
Meanwhile, traders await the RBI's monetary policy decision this
week.
Against the U.S. dollar, the rupee depreciated to a record low
of 84.1370 from an early high of 83.7600. At Friday's close, the
rupee was trading at 83.7750 against the greenback.
If the rupee extends its downtrend, it is likely to find support
around the 85.00 region.
US Dollar vs INR (FX:USDINR)
Gráfica de Divisa
De Nov 2024 a Dic 2024
US Dollar vs INR (FX:USDINR)
Gráfica de Divisa
De Dic 2023 a Dic 2024