Rupee tumbles 3% in 2024, turbulence to ease in next year

It breached crucial 84 level on Oct 10, surpassed Rs 85 per dollar mark on Dec 19 and touched life-time low of 85.80 during intra-day on Dec 27

- 

MUMBAI: The Indian rupee tumbled 3 per cent in 2024 as concerns over slower economic growth and the green buck's global strength weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year. Rupee settled at new lows as the year closed as dollar's resurgence weighed on emerging-market currencies.

The action-packed 2024 continued to impact the rupee's exchange rate against major currencies throughout, with a series of geopolitical events ranging from the Russia-Ukraine war and crisis in the Middle East to trade disruptions in the Red Sea and elections across several major economies.