Rupee falls to fresh low! Currency reaches 90.83 against US dollar
The Indian rupee continued its decline, hitting a new intra-day low of 90.83 against the US dollar on Tuesday. Persistent foreign fund outflows and trade uncertainties are weighing on the currency, despite a recent improvement in the trade deficit. Analysts anticipate continued pressure in the near term due to a delayed trade deal and FII outflows.
The Indian rupee continued its decline, hitting a new intra-day low of 90.83 against the US dollar on Tuesday. Persistent foreign fund outflows and trade uncertainties are weighing on the currency, despite a recent improvement in the trade deficit. Analysts anticipate continued pressure in the near term due to a delayed trade deal and FII outflows.
