The Economic Times

Rupee sinks to record low of 91.98 per USD, logs worst monthly fall in over 3 years

The Indian rupee reached a historic low on Friday, concluding its worst month since September 2022. Persistent foreign investor selling and strong corporate demand for dollars pressured the currency. The Reserve Bank of India intervened to support the rupee. Attention now turns to India's federal budget proposal and the US President's Federal Reserve nominee announcement.