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Rupee falls 16 paise to 86.87 against dollar
Hindustan Times Rajasthan
|February 18, 2025
The rupee depreciated 16 paise to close at 86.87 (provisional) against the US dollar on Monday, weighed down by significant foreign fund outflows and a recovery in the US dollar index from intraday lows.
MUMBAI:
Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure dollars, as they feared further depreciation amid global uncertainty.
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