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Rupee sinks 50 paise to settle at 86.26 US dollar
The Business Guardian
|April 09, 2025
Declining for the third straight session, the rupee tumbled 50 paise to settle at 86.26 (provisional) against the U.S. dollar on Tuesday (April 8, 2025), logging the maximum single-day loss in nearly three months amid a looming global trade war stoking fears of economic meltdown.
According to forex traders, some recovery in crude oil prices and continued foreign capital outflows also dented sentiments.
Besides, the global markets have been facing extreme volatility following a fresh threat by the U.S. administration to impose a punitive 50% tariff against China's retaliatory 34% import levies on American products, they added.
Diese Geschichte stammt aus der April 09, 2025-Ausgabe von The Business Guardian.
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