Rupee falls to record 85.77 vs $, forex kitty at 8-month low
Friday, 3 January 2025
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 eight-month low. Analysts anticipate potential further depreciation of the rupee amid strong US economic indicators and fluctuating crude oil prices.
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