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Rupee recovers 16 paise from all-time low to 87.43
Hindustan Times Noida
|February 08, 2025
On Thursday, the rupee plunged 16 paise to close at 87.59 against the dollar (a record low).
NEW DELHI: On Friday, the rupee rose about 0.2% to end at 87.43 against the dollar. Overall, the currency has declined by nearly 1% this week, its worst weekly performance against the US dollar since December 2022. In January, it had lost around 2% as the US currency strengthened. With the Reserve Bank of India intervening in the market, India's foreign exchange reserves have fallen from $675.65 billion in early November to $630.6 on January 31.
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