Mumbai, March 18 (IANS) The rupee on Wednesday touched a fresh record low of 92.63 against the US dollar, amid a firming greenback and continued foreign fund outflows.At the interbank foreign exchange, the rupee opened at 92.42 and moved in a narrow range before weakening to its all-time low during the session.The currency had closed at 92.37 on Tuesday.”The Indian rupee slipped to a fresh record low as a break below the 92.50 level triggered selling pressure, exacerbated by thin dollar liquidit…
Latest Rupee Depreciation News & Updates
New Delhi, Jan 29 (IANS) Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey 2026 in Parliament, which will set the official tone on how the economy of the country is performing on a strong note despite global uncertainties and US tariffs.The Economic Survey will reveal India’s projected GDP growth estimates for the current fiscal (FY26) as well as the upcoming financial year (FY27). The key pre-budget document summarises the annual economic development of India and char…
New Delhi, Dec 29 (IANS) Factors like India-Pakistan conflict in May, deadly Air India crash in June, flight cancellations earlier this month due to severe IndiGo crisis and the rupee depreciation against US dollar can result in Rs 170-Rs 180 billion loss to the Indian aviation industry this fiscal (FY26), higher than the earlier projections of Rs 95-Rs 105 billion, a report showed on Monday.ICRA has revised its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 against i…