Rupee vs Dollar: The Indian rupee slipped to a new record low on Monday, driven by heavy hedging from importers and a rise in short positions amid higher U.S. tariffs.
Rupee weakened to 88.33 against the U.S. dollar, surpassing Friday’s previous record low of 88.3075. Analysts noted that this decline continued the pressure observed late last week.
(This is a developing story)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
