Rupee falls 9 paise to hit record low of 85.83 against US dollar in early trade https://www.taxtmi.com/news?id=29715 Rupee depreciation reached a record intraday low as dollar strength, rising crude oil prices, higher US Treasury yields and expectations of delayed US rate cuts increased dollar demand; domestic equity weakness and foreign portfolio outflows amplified pressure, while lower GDP growth estimates signalled greater exchange rate volatility and balance-of-payments sensitivity. en-us Wed, 08 Jan 2025 09:46:03 +0530 Wed, 08 Jan 2025 09:46:03 +0530 TaxTMI RSS Generator Rupee falls 9 paise to hit record low of 85.83 against US dollar in early trade https://www.taxtmi.com/news?id=29715 Rupee depreciation reached a record intraday low as dollar strength, rising crude oil prices, higher US Treasury yields and expectations of delayed US rate cuts increased dollar demand; domestic equity weakness and foreign portfolio outflows amplified pressure, while lower GDP growth estimates signalled greater exchange rate volatility and balance-of-payments sensitivity. News - Wed, 08 Jan 2025 09:46:03 +0530 https://www.taxtmi.com/news?id=29715