Rupee Falls 4 Paise to 85.63 Against U.S. Dollar in Early Trade
6 Articles
6 Articles
Rupee Falls 4 Paise to 85.63 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage. India News | Rupee Falls 4 Paise to 85.63 Against US Dollar in Early Trade.
Rupee Weakens Against US Dollar In Line With Asian Peers
The Indian rupee weakened against the US dollar on Wednesday, amid a retreat from Asian currencies ahead of the US tariff deadline next week.The local currency ended 17 paise lower at 85.71. Intraday, the unit fell as much as 21 paise.Trade tensions have been weighing on the markets ahead of July 9. The US could reach a trade deal with India, President Donald Trump said on Tuesday.According to Reuters, most strategists in a poll said they did no…
The rupee saw a slight decline in the value of the interbank market at the start of business on Wednesday, falling 0.01 percent to Rs 283.78 per dollar. On Monday, the rate was Rs 283.76, while trading was suspended on Tuesday due to a bank holiday. Globally, the US dollar remained near its lowest level since February 2022 on Wednesday, largely due to signs of easing interest rates from the Federal Reserve and former President Trump’s 3.
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