Rupee Settles At Record Closing Low On Buying Pressure From Importers

Binance’s CZ Warns India’s Protectionism Amid Rupee’s Record Low

Indian rupee hit a record low of 88.44 amid tariffs and global market turbulence. CZ criticized India’s protectionist policies saying they weaken growth and competitiveness. India delays strict crypto regulation yet remains the global leader in adoption. The Indian rupee fell to a record low of 88.44 against the U.S. dollar this week. The decline followed sustained tariff pressures and global market turbulence, raising concerns about currency st…

Rupee Settles At Record Closing Low On Buying Pressure From Importers

The Indian rupee settled at a record closing low of 88.44 against the US dollar on Thursday, in line with the weakness in its Asian peers on the back of buying by importers and banks, three treasury officials said. The Indian unit closed 34 paise down at 88.44 a dollar during the day. Intraday, the rupee fell 36 paise to record low of 88.46 against US dollar. On Wednesday, it had closed at 88.10 a dollar. Looming uncertainty from US tariffs on I…