Rupee breaches 84 as oil prices, foreign outflows put strain

Friday, 11 October 2024
The rupee breached the 84 per dollar mark for the first time, reflecting RBI's strategic adjustments amid rising crude prices and geopolitical tensions. Dealers suggest the central bank may be preparing for increased volatility due to the Iran-Israel conflict. Despite substantial forex reserves, further depreciation of the rupee is expected to be controlled and gradual.

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Rupee Breaches 84 Against US Dollar Amid High Oil Prices and FII Outflows: Economic Concerns Deepen

India’s financial markets are facing a turbulent period as the rupee plunged past the 84 mark against the US dollar for the first time on October 11, 2024....
IndiaVision on October 11, 2024

Rupee hits all-time low against dollar, know why Indian currency fell, which one's strongest

This convergence of rising oil prices, stock market volatility, and persistent foreign capital outflows has contributed to the rupee's continued depreciation,...
DNA on October 11, 2024 Also reported by •Mid-Day

Rupee breaches 84 as oil prices, foreign outflows put strain

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Rupee Breaches 84 Against US Dollar Amid High Oil Prices and FII Outflows: Economic Concerns Deepen

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