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All-time low beckons for rupee on slide in yuan, rally in dollar index - REUTERS

NOVEMBER 12, 2024

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MUMBAI, Nov 12 (Reuters) - The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election.
The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar, inching past the all-time low of 84.3925 hit on Monday.
The rupee has been making all-time lows after Trump's U.S. election victory.

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