Indian Rupee Hits Record Low Against USD, Experts Predict Further Decline
The rupee’s downward trajectory is fueled by rising US treasury yields and surging crude oil prices.
New Delhi, January 13, 2025: The Indian rupee fell to an all-time low of 86.40 against the US dollar, continuing its streak of depreciation. Financial experts predict the currency may weaken further, reaching 87 by the end of March.
The rupee’s downward trajectory is fueled by rising US treasury yields and surging crude oil prices.
Advertisement
The rupee faces challenges from sluggish domestic growth, foreign investor outflows, and a strengthening dollar index, which has risen to 109.98, the highest since November 2022.
Meanwhile, experts believe, the foreign portfolio investors pulling funds from Indian markets further amplify the pressure on the rupee, raising concerns about its near-term outlook.
Advertisement
