Posts Tagged ‘89.50USD’
Indian rupee slides to record low, central bank likely intervenes near 89.50/USD
[MUMBAI] The Indian rupee weakened to a lifetime low against the greenback on Friday (Nov 21), pressured by shrinking risk appetite amid fading expectations of a Federal Reserve rate cut and uncertainty over a US-India trade deal. The rupee touched 89.48, sliding past its previous all-time low of 88.80 hit in late September and again…
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