Indian Rupee Record Low Against US Dollar. What Is Causing the Sharp Fall as Yen, Yuan, Taka and Other Asian Currencies Struggle Against USD
India, May 15 -- The Indian rupee dropped to a record low on Friday, May 15. The Indian currency neared the 96 mark against the benchmark US dollar due to rising demand for the greenback in the global market amid uncertainties in West Asia.
According to the latest data, the Indian rupee is inches away from touching the 96 mark against the US dollar. As of 03:45 pm (IST), the currency was trading at 95.79 against the US dollar, compared to 95.57 at the previous market close.
During Friday's trading session, the Indian currency came under pressure due to higher demand for US dollars in the global market after US President Donald Trump signaled that the conflict in West Asia may not end anytime soon.
According to the latest data, the Indi...
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