The Indian rupee has hit a record low of 86.12 against the US dollar following a stronger dollar and better-than-expected US jobs data. This trend has been further fueled by higher crude oil prices and continued outflows from foreign investors. Experts suggest that the Reserve Bank of India's decision to allow the rupee to depreciate may be a response to global and domestic pressures, including the cautious stance of the Federal Reserve and solid economic data. The market now anticipates only one interest rate cut by the US Fed in 2025.
Indian Rupee Plummets to Record Low: Causes and Implications
The Indian rupee has recently hit a record low against the US dollar, reaching 86.12 per dollar. This significant depreciation has raised concerns among economists and policymakers alike.
Causes of the Rupee's Decline
Implications of the Rupee's Depreciation
Top 5 FAQs and Answers
Why is the rupee hitting record lows?
What are the implications of the rupee's decline?
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Has the rupee ever depreciated this much before?
What is the outlook for the rupee?
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