Rupee Falls 8 Paise To 89.53 Against US Dollar: INR Hits Record Intraday Lows Amid Trade Deficit Pressure
Mumbai, Dec 1: The rupee depreciated 8 paise to close at 89.53 (provisional) against the US dollar on Monday, fuelled by strong market demand for the American currency. Trade Deficit and Delayed Deal Pressure RupeeForex traders said the sustained weakness in the rupee is primarily attributable to a widening trade deficit, the delayed India-US trade…
