The Indian rupee continued to weaken, falling 48 paise on Monday to
close at 87.66 per US dollar. During intraday trade, the currency
slipped as much as 55 paise to touch a low of 87.73.
close at 87.66 per US dollar. During intraday trade, the currency
slipped as much as 55 paise to touch a low of 87.73.
Reasons Behind the Rupee Weakness
Market analysts attribute the decline to
uncertainty in trade tariffs and
consistent selling by foreign investors.
Rising demand for US dollars from oil marketing companies
also added pressure on the domestic currency.
Historical Context
The rupee is once again nearing its all-time low.
Earlier this year, on February 10, 2025,
the rupee had hit its lifetime low of 87.95 per US dollar.
Source: Market Reports
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