Rupee Continues To Fall Against The US Dollar

Rupee Spins to All-Time Low

The rupee has been continuously weakening in the international currency market. Uncertainty regarding the India-US deal coupled with continuous foreign investment outflows have made it lose its value day by day. It fell by 28 paise in Thursday's trading and touched an all-time low of 90.43 against the US dollar.

In the previous session, the rupee had ended at 90.15. Market analysts said that the rupee was expected to continue in its downtrend. Many predicted it could soon move toward the range of 90.70-91. For quite some time now, foreign investors have been withdrawing money from Indian equity and debt markets. In this scenario, demand for the US dollar is increasing. This is adding pressure on the rupee. Importers too are buying dollars in large amounts for making payments, thereby weakening the currency.

Indices Move in Mixed Directions Stock market indices are posting mixed trends in today's trading session. Investors have turned cautious ahead of the due RBI monetary policy review on Friday. Resultantly, the market is witnessing dull movement. At around 9:30 am, the Sensex was trading at 85,140, up by 33 points. The Nifty was trading at 25,992, with a gain of 6 points.