Indian Rupee Hits Record Low Against US Dollar: A New Milestone

 The Indian rupee has depreciated to a record low of ₹85.73 against the US dollar, marking the eighth consecutive trading session of decline. On January 2, 2025, the rupee fell by 9 paise, influenced by strong dollar demand from importers and persistent foreign fund outflows. During the trading session, it reached an intra-day low of ₹85.79. Analysts predict continued pressure on the rupee due to a robust dollar and expect it to trade within a range of ₹85.50 to ₹86 in the near future. This trend reflects broader economic challenges and global market dynamics.

Source: CNBC TV18 , at 0950 hrs