Value

Rupee

Record

<ul>
 <li><strong>The Indian rupee fell to a record low, weakening past 96.50 against the U.S. dollar.</strong></li>
 <li><strong>Currency data shows INR has lost more than 50% of its value against USD since 2009.</strong></li>
 <li><strong>Rising crude oil prices, foreign capital outflows, and a stronger US dollar affected the INR.</strong></li>
</ul>
<p>The Indian rupee dropped to a new record low against the US dollar this week, extending a decline that has erased more than half of its value since 2009.</p>
<p>Market data showed the rupee weakening beyond 96.50 per dollar for the first time in history. Intraday trading pushed the currency to 96.8 before it closed near 96.6 against the dollar.</p>
<p>The long-term currency chart shows the scale of the move. In 2009, one rupee traded near 0.0225 dollars. The rate has now fallen to roughly 0.0103 dollars, marking a decline of more than 50% over the period.</p>
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  <figcaption><strong>Source:</strong><a href="https://x.com/Barchart/status/2056934262839103766" rel="noopener noreferrer nofollow">X</a>
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<h2 class="wp-block-heading" id="h-rupee-extends-losing-streak">Rupee Extends Losing Streak</h2>
<p>The rupee has no…</p>
<p>Read The Full Article <a href="https://coinedition.com/indian-rupee-falls-to-record-low-against-dollar-loses-over-half-its-value-since-2009/" rel="noopener noreferrer nofollow">Indian Rupee Falls to Record Low Against Dollar, Loses Over Half Its Value Since 2009</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Indian Rupee Falls to Record Low Against Dollar, Loses Over Half Its Value Since 2009

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