Rupee falls 9 paise to hit all-time low of 85.24 against US dollar in early trade

The Indian rupee fell to an all-time low of 85.24 against the US dollar due to rising US Treasury yields and a decrease in Asian currencies. Despite potential support from India's strong economic growth, the rupee is projected to continue a modest decline.

Dec 26, 2024 - 10:00

Rupee falls 9 paise to hit all-time low of 85.24 against US dollar in early trade

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The Indian rupee fell to an all-time low of 85.24 against the US dollar due to rising US Treasury yields and a decrease in Asian currencies. Despite potential support from India's strong economic growth, the rupee is projected to continue a modest decline.