Rupee hits record low on strong NDF dollar bids

Rupee hits record low on strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Currency futures, NDF-related dollar buying pushes rupee to 85.50
The Indian rupee fell to a lifetime low of 85.50 against the U.S. dollar due to high dollar demand from maturing non-deliverable forwards and currency futures. Increased activity from importers also contributed to the drop.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee hits record low, pressured by strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
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Rupee declines to lifetime low hurt by weak yuan, NDF dollar bids
MUMBAI (Reuters) - The Indian rupee weakened to its record low on Wednesday pressured by a slide in the Chinese yuan and heightened dollar bids in the non-deliverable forwards (NDF) market but ...
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The Indian rupee hit a new record low on Friday, driven by strong demand for the dollar in the non-deliverable forwards (NDF) ...