[
The rupee fell to 87.35 against the U.S. dollar, eclipsing its previous lifetime low of 87.28 hit on Monday and was down nearly 0.3% on the day.
While a softer dollar benefited most Asian currencies on Wednesday, the rupee was an underperformer as traders positioned for the first RBI rate cut in nearly five years. The dollar index was down 0.3% at 107.7.
Dollar demand from importers also weighed on the rupee, while intermittent dollar sales from state-run banks helped keep a lid on losses, traders said.
In addition to expectations of a rate cut, the rupee has also remained under pressure on account of persistent foreign portfolio outflows. Overseas investors have net sold $8 billion worth of local stocks and bonds in 2025 so far.
-
Stock Trading
Maximise Returns by Investing in the Right Companies
-
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
-
Stock Trading
Technical Analysis for Everyone – Technical Analysis Course
-
Stock Trading
Stock Markets Made Easy
-
Stock Trading
Renko Chart Patterns Made Easy
-
Stock Trading
Market 101: An Insight into Trendlines and Momentum
-
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
-
Stock Trading
Dow Theory Made Easy
-
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
-
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
-
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
-
Stock Trading
RSI Made Easy: RSI Trading Course
-
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
https://img.etimg.com/thumb/msid-117943438,width-1200,height-630,imgsize-56254,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/forex/rupee-hits-record-low-on-rate-cut-expectations-importer-dollar-bids/articleshow/117943365.cms
