Rupee Continues Its Slide to New Low; Nudges Towards 86 Mark
Financial Express Mumbai|January 02, 2025
THE RUPEE CONTINUED its slide on Wednesday, slipping to a new all-time low of 85.65 against the dollar, 4 paise or 0.05% weaker than Tuesday's closing of 85.61. Intra-day, the Indian currency fell to 85.72 levels, recovering after the Reserve Bank of India stepped in, dealers told FE.
ANUPREKSHA JAIN

The rupee has now depreciated by 244 paise or 2.93% since January 1, 2024, when it was trading at levels of 83.21 to the greenback. Most of the fall has taken place since end-September.

With most markets around the world shut on account of New Year's Day, global cues were negligible. Traders said volumes during the session were thin, leaving the price movements range bound.

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