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Indian Rupee drops to 61.80 vs US Dollar

The Indian Rupee recorded its biggest fall to slump to a new low of 61.80 against the USD at around 2 PM. But, later, it made some recovery to 60.77 after the RBI intervention. The Rupee has plunged over 1.6 per cent so far in August.…

Indian Rupee hits 61 against US Dollar

The Indian Rupee has breached the 61-mark against the USD and was hovering at 61.10 during the initial trading. On Friday, it had closed at 60.23 against the US Dollar. The previous lowest of Rupee came on June 26, when it hit the mark…

Rupee hits Record Low of 58 vs US Dollar

The Indian Rupee slipped further to touch a record low of 58 against the US Dollar today. The fall of 1.6 per cent has been attributed to heavy dollar demand. It was also the biggest fall or Rupee in a single day since 22nd September 2011.…

Rupee hovers at 57.26 against US Dollar

TNI Bureau: Indian rupee hit a record low of 57.26 against the US dollar on Friday afternoon indicating the rising demand for US currency in global trade. The continuous decline of Indian currency in past few months is not a good sign for…