Indian Rupee once again reaches an all time low

Delhi Delhi. The Indian rupee has once again hit an all-time low. India’s national/official currency has been falling for the last few trading sessions. The value of the Indian currency (trading) fell to 85.94 against the US dollar. The Indian rupee is approaching 86. Meanwhile, the lowest recorded price is around Rs 86.23. The Indian currency has lost 2.88 percent of its value in the last 6 months. This has happened at a time when the US dollar is continuously strengthening, especially after Donald Trump’s victory in the November 2024 election. The US dollar is the world’s reserve currency.

And in recent weeks, some of the President-elect’s statements on the future course of action, including the threat of tariffs on BRICS countries on the possibility of an alternative currency, have made the US dollar a more attractive currency. This has happened at a time when the Indian equity markets have also been in a downtrend for the last few weeks and months. The BSE Sensex has declined 4.61 per cent or 3,757.96 points in the last month’s trading. On the other hand, the NSE Nifty has fallen a massive 4.37 per cent or 1,074.80 points in the same period.