The Indian rupee fell to 84.6075 per US dollar in early trading on Monday, weakening past its previous all-time low of 84.5075
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Indian rupee drops to record low as risk aversion boosts dollar
Rising oil prices also contributed to the weakening of the Indian currency, as it could inflate India’s import bill, putting pressure on the country’s current account
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Falling rupee, festival season to push up remittances by Gulf-based expat Indians
Currency market experts expect rupee to cross ₹84 per dollar in near-term basis, fuelled by a multi-week high rise in dollar index and crude prices
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Indian rupee hits lowest in last 11 months, falls below 83 against US dollar
Market analysts see rupee losing further grounds against the US currency on a near-term basis on the back of the rising trend in global crude prices
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OPEC+ decision could cause Indian rupee to plummet to ₹85 and impact expat remittances
A plunge in rupee value will, however, will be good news for NRIs, especially from the Gulf region, as they can get more bucks for each dollar remitted
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Indian rupee’s plunge to an all time low may trigger another round of spike in remittances by Gulf NRIs
The onset of festival season in India from September onwards generally see high NRI remittances and the current plunge in rupee exchange value seen to add to the surge
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Rising inflation concerns, crude prices and interest rates drag down Indian rupee
A plunge in rupee value is good news for expat Indians – especially those based in the Gulf who send remittances to India
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Rupee set to continue its slide against the dollar
The falling rupee value has added to the loss of foreign investors in the Indian stock market
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Indian rupee falls to new low against dollar
India’s currency is expected to slide further down in Q4 2018, according to Promoth Manghat, group CEO and executive director of Finablr
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