Rupee falls to all-time low of 84.41 against US dollar

Thursday, 14 November 2024
The Indian rupee weakened to 84.40 against the US dollar due to foreign fund outflows and strong dollar demand. Rising inflation and the RBI's intervention efforts, which have impacted forex reserves, contribute to the pressure. Despite market interventions, the rupee's depreciation continues, with analysts closely watching the 84.50 level as a potential turning point.

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IndiaTimes on November 7, 2024 Also reported by •Mid-Day