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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee At 85.2: Indian Currency Ends At Record Closing Low Against Surging Dollar

  • The Indian rupee closed at a record closing low of 85.20 per dollar on Tuesday.
  • The rupee fell to a new low of 85.21 against the US dollar during intraday trade.
  • Factors contributing to the rupee's depreciation include sustained dollar strength and global pressures.
  • Analysts expect the rupee to trade within a range of 84.70 to 85.20 in the near term.

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