Indian Rupee Recovers to 87.9250 After Hitting 88 Per Dollar; RBI Likely Intervening

Unknown Apr 02, 2026 1 Views

The Indian rupee, which earlier hit a record low of 88 per US dollar, has recovered slightly to trade at 87.9250. The depreciation is attributed to a stronger US dollar, driven by robust US jobs data and higher interest rate expectations. Traders suggest that the Reserve Bank of India (RBI) may b...

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