Indian Rupee Weakens Against Dollar, Breaches 96 Mark

The Indian Rupee has fallen back into the red, weakening by over 0.8% in the current fiscal year and breaching the 96 mark against the US dollar, as the impact of the RBI's forex boost fades.

14 Jul, 06:41 — 14 Jul, 06:41

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Times of IndiaMostly Factual31d ago

Rupee back in red! Impact of RBI’s forex boost fades; currency breaches 96 versus dollar

The rupee has weakened by more than 0.8% so far in the current fiscal year. On Monday, the one-month forward premium on the rupee stood at 3.17%, whereas the one-year forward premium was 2.83%.

By TOI BUSINESS DESK

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Indian Rupee Weakens Against Dollar, Breaches 96 Mark

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Rupee back in red! Impact of RBI’s forex boost fades; currency breaches 96 versus dollar

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