Indian Rupee Declines 5 Paise, Trading at 85.69 Against US Dollar - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
Contact Phone:
Economy

Indian Rupee Declines 5 Paise, Trading at 85.69 Against US Dollar

share-iconWednesday, January 01 comment-icon1 month ago 8 views
News sources:
indiatimesINDIATIMES
Indian Rupee Declines 5 Paise, Trading at 85.69 Against US Dollar

Credited from: INDIATIMES

  • The **rupee** has decreased by **5 paise** to **85.69** against the **US dollar** in early trade on Wednesday.
  • This drop is attributed to the strengthening of the **American currency** and ongoing **foreign fund outflows**.
  • The **dollar index (DXY)** and US bond yields are on the rise due to the **Federal Reserve's** cautious approach.
  • The **Reserve Bank of India** (RBI) intervention is noted at **85.6450** on Tuesday, offering some support to the local currency.
  • The market is experiencing low trading volumes as the **holiday season** continues in major economies like the UK and Europe.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Rupee Us dollar Forex Indian economy Currency markets
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 01, 2025 Dan Lanning and Ryan Day Face Pressure Ahead of Rose Bowl Showdown
date-iconJanuary 01, 2025 MLA Urges Chief Minister for Action to Regulate Illegal Constructions in Ulhasnagar
nav-post-picture
Related Posts
main-post-image
ECONOMY
Trump Issues 100% Tariff Threat to BRICS Nations Over Dollar Replacement Plans
date-iconJan 31, 2025
main-post-image
ECONOMY
Inflation Expected to Rise in FY26 Driven by Increased Raw Material Costs
date-iconJan 10, 2025
main-post-image
ECONOMY
Strong Dollar Weighs on Euro, Pound, and Yen Amid Tariff Speculations
date-iconJan 09, 2025
main-post-image
ECONOMY
Rupee Hits All-Time Low of 85.87 Against US Dollar Amid Rising Crude Prices
date-iconJan 08, 2025
main-post-image
POLITICS
Beijing to Rigorously Safeguard Yuan's Value in 2025 Amid Past Lessons
date-iconJan 08, 2025
main-post-image
WORLD NEWS
Maine Earthquake of 3.8 Magnitude Shocks Residents, Felt Across New England and Beyond
date-iconJan 27, 2025

Stay Connected

main-post-image
Politics
Cambodia Moves to Enforce Tough Penalties on Khmer Rouge Atrocity Denial
date-icon January 26, 2025
main-post-image
Politics
Scott Bessent Confirmed as U.S. Treasury Secretary, Taking Charge of Trump's Tax Policy Agenda
date-icon January 28, 2025
main-post-image
Politics
RFK Jr. Commits to Following Trump's Lead on Abortion Policies at Confirmation Hearing
date-icon January 30, 2025
main-post-image
Politics
Vivek Ramaswamy Clarifies Departure from DOGE, Addresses Speculation Regarding Elon Musk
date-icon January 29, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD