The rupee depreciated 18 paise to shut at an all-time low of 87.60 in opposition to the US greenback amid issues over the imposition of upper tariffs by the US on India.
The forex had beforehand ended at a report low of 87.58 on February 6, 2025.
The rupee opened at 87.71 on Thursday, in comparison with the earlier shut of 87.42. It touched an intraday excessive of 87.51 and a low of 87.73.
“An increase within the greenback index close to 99.83 and the imposition of a 25 per cent tariff on India by the US added vital stress on the rupee. Sentiment was additional dampened by weak point within the capital markets amid ongoing tariff-related issues,” stated Jateen Trivedi, VP analysis analyst – commodity and forex, LKP Securities.
The rupee is predicted to stay beneath stress with a broader buying and selling vary seen between 87.25 and 88 in opposition to the greenback.
© The Indian Specific Pvt Ltd