Due to concerns surrounding the US-India trade pact, the rupee hits a record low of 90.46/$

After opening flat, the Indian rupee fell to yet another record low of 90.46 versus the US dollar. The domestic currency was severely impacted by the uncertainty surrounding the finalization of the stalled trade agreement with the US, and persistent dollar outflows exacerbated the downward pressure. One of the worst-performing Asian currencies is the Indian…

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The rupee drops to a record low of 89.59/$: reasons why the impressive Q2 GDP doesn’t improve outlook

Despite the staggering GDP figure, the Indian rupee fell to new lows. The solid Q2 GDP report was overshadowed by FII outflows and uncertainties around the US-India trade pact, which kept the rupee trading well below the 89.50/$ barrier. The currency fell significantly from its November low of 89.49/$. Despite the spectacular Q2 GDP numbers,…

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