Indian investors gain extra returns as US dollar strengthens against INR – Investing Abroad News
The Indian rupee has breached an all-time low of 86 against the US dollar. The rupee depreciated to 86.44 against the US dollar in early trade on January 27, 2025, due to the strength of the American currency and a sluggish domestic equities trend. Over the last year, the INR has depreciated by nearly 3.5% against the US Dollar, with much of the strength in the dollar index coming in the last 3-4 months. While a depreciating Rupee hurts Indian consumers as India services a huge import bill, there is...