India  

Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$

IndiaTimes Wednesday, 1 January 2025
The rupee depreciated by 2.8% against the US dollar in 2024, marking its seventh consecutive year of decline. Contributing factors included RBI's forex intervention strategy, a strong US dollar, and capital outflows due to a shift in investor focus from India to China. Structural issues like inflation differentials and current account deficits also played a role.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

'Hoist with his own petard': Congress mocks PM Modi as rupee hits all-time low

The Congress criticized Prime Minister Narendra Modi regarding the rupee's sharp decline to a historic low against the US dollar, contrasting it with Modi’s...
IndiaTimes

Rupee falls to record 85.77 vs $, forex kitty at 8-month low

The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India's foreign exchange reserves dipped to an...
IndiaTimes

Priyanka Gandhi slams Centre over Rupee's 'historic' decline against US dollar

Congress leader Priyanka Gandhi Vadra criticized the BJP-led Centre as the Indian rupee hit a historic low of 86.04 against the US dollar. She highlighted Prime...
IndiaTimes Also reported by •Zee News