Rupee outlook: Currency slips to 89.53 against US dollar; manufacturing and industrial growth slow
Rupee outlook: Currency slips to 89.53 against US dollar; manufacturing and industrial growth slow
The Indian rupee fell to a new low of 89.53 against the US dollar on Monday, driven by increased dollar demand and trade deficit concerns. Limited central bank intervention and delays in the India-US trade deal further weakened the currency. Economic indicators also pointed to a slowdown in manufacturing and industrial output.
The Indian rupee fell to a new low of 89.53 against the US dollar on Monday, driven by increased dollar demand and trade deficit concerns. Limited central bank intervention and delays in the India-US trade deal further weakened the currency. Economic indicators also pointed to a slowdown in manufacturing and industrial output.
The Indian rupee fell to a new low of 89.53 against the US dollar on Monday, driven by increased dollar demand and trade deficit concerns. Limited central bank intervention and delays in the India-US trade deal further weakened the currency. Economic indicators also pointed to a slowdown in manufacturing and industrial output. 
