Rupee depreciated marginally in Oct, bloodbath in other currencies: Report

The Indian Rupee depreciated marginally in October by 0.3 per cent compared to the bloodbath witnessed in other major currencies, highlighted in a report by Bank of Baroda.

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The report also noted that while the rupee dipped to its lifetime low of 84.09 per dollar, this was still a modest fall against the U.S. dollar's significant 3.2 per cent appreciation over the month. The rupee's trading range during October was between 83.82 and 84.09 per dollar. It said "INR depreciated by 0.3 per cent in Oct'24 (0.1 per cent appreciation in Sep'24) and even fell to its lifetime low of 84.09/USD. However, this decline was only marginal, when compared with bloodbath witnessed in other major currencies".