Indian rupee falls to all-time low; will it breach 70 vs dollar? Here is why it will not

The rupee fell to 69.07 in intraday trade compared to yesterday’s close of 68.63. The local currency had hits its previous all-time intraday low on November 24, 2016 at 68.86 against the dollar. The all-time closing low stands at 68.82, breached on August 28, 2013.

Indian rupee falls to all-time low; will it
The rupee has shed 8.1 per cent on a year-to-date basis, the worst performing Asian currency. Image source: Reuters

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x