North India Statesman
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The Indian rupee’s performance against the US dollar today was the worst in any one session since February 2023 and the rupee fell by 60 paise to close at 85.84.
Earlier, on February 6, 2023, there was a decline of more in the same day in the same day and on 13 January 2025, there was a decline of 60 paise in the rupee.
The rupee closed at 85.24 on Friday, after which it opened 41 paise to 85.65 per dollar in the Interbank Forex exchange market this morning. Which is the worst beginning in the last two months. The rupee was earlier opened with a more decline on 10 February 2025.
Meanwhile, the dollar index, depicting the status of the dollar against six major global currencies, was trading at 102.88 today at 0.14 percent to 102.88. Despite the weakening of the dollar index and the steady fall in crude oil prices, the rupee has seen a decline today. Crude oil prices continued to decline even today, Saudi Arabia cut crude oil prices the most in two years. Brent crude was seen trading at $ 63.51 per barrel today, while WTI crude also fell 3.44 percent to $ 59.86 per barrel. It is noteworthy that the rupee increased by 2.3 percent in March, after which it fell by 0.7 percent in the first five sessions of April.
