Indian Rupee hits record low of 89.78 against USD, experts reveal key levels and RBI's next moves
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CNBC TV18•01/12/2025
Indian Rupee hits record low of 89.78 against USD, experts reveal key levels and RBI's next moves
- •Indian Rupee hits record low of 89.78 against USD.
- •No specific reason attributed to rupee's depreciation.
- •RBI allowing market forces to influence rupee value.
- •Psychological level of 90 seen as important for rupee.
- •Speculation that RBI may not cut interest rates soon.
Why it matters: A weaker rupee affects import costs, travel expenses and overall economic stability for you.
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