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The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking its steepest annual decline in 14 years, according to market data as reported PTI.The last comparable fall was in FY12, when the domestic currency had dropped 12.4 per cent amid a widening current account deficit of 4.2 per cent.The sharp depreciation…
Rupee continued its fall on Thursday, sliding to 92 mark against the US dollar. The currency has been in constant pressue due to persistent demand for the greenback and a cautious global market.According to currency dealers, the domestic unit was dragged down after the dollar index rebounded from multi-year lows, following the US Federal Reserve’s…
Rupee continued its upward rally against the US dollar on Friday, strengthening past its 90 mark to reach 89.96 against US dollar in early trade. The currency opened at 90.1325 per dollar, up about 0.1% from its previous close of 90.20 against US dollar. This comes after Rupee made a tentative recovery after sliding to…
