On December 17, the Indian rupee experienced its largest single-day increase in seven months due to substantial intervention by the Reserve Bank of India (RBI). The RBI intervened to stabilize the currency market after the rupee touched its all-time low against the US dollar. During…
Tag: IndianRupee
Rupee Falls to Record Low of 90.58 Against US Dollar
Rupee Falls: The Indian rupee has dropped by 9 paise to 90.58, the lowest ever against the US dollar, in the early hours of Monday trading. This decline was the result of the uncertainty over the trade deal between India and the US and the…