The Indian Rupee hit a record low of 91.07 against the US dollar on Wednesday, pressured by portfolio outflows and stalled trade talks. The Reserve Bank of India intervened to support the currency, which rebounded to around 90.25. This marks the fourth consecutive session of record lows, with the rupee down nearly 1% in five sessions and about 6% year-to-date.
Related Posts
100 days of Donald Trump: US in a ‘whirlwind’
Donald Trump’s second presidency has seen rapid shifts in US policy within the first 100 days, impacting foreign relations, trade, and domestic affairs. Promises to […]
‘IPR theft may be at play’: US official on DeepSeek
US officials are examining the national security implications of the Chinese AI app DeepSeek. White House officials and AI czar David Sacks suggested the possibility […]
Men and women not equal, says IUML neta, stirs row in Kerala
IUML’s state general secretary P M A Salam stated that men and women are not equal, using the example of gender-specific categories in the Olympics. […]