The Indian Rupee (INR) continued its downward trajectory on Friday, plunging 36 paise to close at a record low of 88.47 against the U.S. dollar. The latest decline adds to the currency’s recent volatility, highlighting the ongoing pressures in the foreign exchange market.

Traders observed that while there were minor recovery signs earlier in the day following positive signals from U.S. President Donald Trump regarding the India-U.S. trade treaty, the overall sentiment in the market remained fragile. Persistent dollar demand, coupled with global macroeconomic factors, contributed to the Rupee’s weakening trend.

The foreign exchange market in India has been sensitive to international developments, including movements in the U.S. dollar index, global crude oil prices, and trade policies between major economies. Analysts pointed out that the rupee’s fall reflects a combination of domestic liquidity constraints and international uncertainties, keeping exporters, importers, and investors on edge.

The Reserve Bank of India (RBI) continues to monitor the situation, and interventions may be considered to stabilize the currency if the downward trend continues. Economists warn that a weaker rupee could raise import costs, increase inflationary pressures, and affect corporate earnings that rely on imported raw materials.

Investors and businesses are closely watching the developments in the India-U.S. trade relations, as favorable outcomes could provide some relief to the rupee. Meanwhile, market participants are also keeping an eye on global events, including the U.S. Federal Reserve’s monetary policy, geopolitical tensions, and crude oil fluctuations, which could influence the rupee in the coming days.

The rupee’s all-time low of 88.47 per U.S. dollar is a historic benchmark, emphasizing the vulnerability of emerging market currencies in a volatile global environment. Market analysts advise careful monitoring and hedging strategies for businesses engaged in foreign trade.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

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