Rupee May Dip To All-Time Low On Fed Outlook-Spurred Dollar Rally

Friday, 3 January 2025Newsdesk
Rupee May Dip To All-Time Low On Fed Outlook-Spurred Dollar Rally
The Reserve Bank of India sold dollars heavily near 85.80 to help out the rupee.

New Delhi 03 January 2025

As per news report of NDTV,The Indian rupee may slip to a lifetime low at open on Friday after the dollar index climbed to the highest in more than two years, building on its rally in the last quarter.  The 1-month non-deliverable forward indicated that the rupee will open at 85.80-85.82 to the U.S. dollar, down from 85.7525 in the previous session and possibly past the all-time low of 85.8075 hit last Friday.

Source - NDTV

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