Rupee Near Record Low, Tracks Oil, Asia FX

  Published 11 months ago

Indian Rupee trades near record low at 87.39/USD, pressured by weak equities despite support from falling crude prices.

  • INR opened flat at 87.20/USD, now down ~20 paise, after last week’s 1.2% drop—worst since Dec 2022.
  • Asian currency strength and lower crude prices (~$67/barrel) offered mild support, limiting deeper losses.
  • NSE USD/INR futures at 87.48, down 0.14% intraday, recovering from early lows near 87.35.

You might like these

Markets Slip; Realty Index Extends Losses

Blue Jet Falls 10% After Q1 Miss

India Needs 8% Growth to Hit 2047 Goal

Mutual Funds Surge in India

Concord Wins 18‑Month Kavach Rail Safety Order

TZF Logistics Licenses Payment System for Truckers

Zydus’ Usnoflast Receives FDA Fast Track for ALS

News that matters the most ⚡