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Rupee falls as demand for dollar surges
Mint Chennai
|June 05, 2025
The rupee declined for the sixth time in seven sessions on Wednesday, slipping briefly past 86 to the US dollar, as traders unwound bullish positions amid persistent demand for the greenback.
The rupee weakened to 86.0225 on Thursday before recovering marginally to end the day 0.4% lower at 85.90.
The Indian currency has declined nearly 1.5% from a high of 84.78 it touched last Monday, making it one of the worst-performing Asian currencies over this period.
This story is from the June 05, 2025 edition of Mint Chennai.
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