This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Terms of Use.
Accept
IndiaPost LiveIndiaPost LiveIndiaPost Live
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
Notification Show More
Font ResizerAa
IndiaPost LiveIndiaPost Live
Font ResizerAa
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • India News
  • State
  • World
  • Entertainment
  • Business
  • Trending
  • Sports
  • Career
  • Lifestyle
  • Languages
Follow US
© 2024 NM Media. All Rights Reserved.

News » India News » Heavy single day fall: Rupee sinks 50 paise lower to end the day at 86.26 against US dollar

India News

Heavy single day fall: Rupee sinks 50 paise lower to end the day at 86.26 against US dollar

NM Desk
Last updated: 8 April, 2025 9:15 PM
NM Desk
Share
Heavy single day fall: Rupee sinks 50 paise lower to end the day at 86.26 against US dollar

New Delhi: The Indian rupee slumped 50 paise to close at 86.26 against the US dollar on Tuesday, marking its steepest single-day drop in nearly three months. The currency has now declined for three consecutive sessions, making it the worst-performing Asian currency this month. Forex traders attributed the sharp fall to global trade war fears, foreign capital outflows, and a firm dollar overseas.

The rupee opened at 85.89 at the interbank foreign exchange today and swung between a high of 85.82 and a low of 86.29 against the greenback, before ending at 86.26, registering a loss from its previous closing level. The last time it saw such a steep loss in a single session was back on January 13, earlier this year, depreciating by 66 paise at the time.

Mounting global tension stems from the US administration’s latest threat to impose a 50% tariff on Chinese goods—retaliating against Beijing’s 34% import levies on American products. This tit-for-tat escalation has unnerved global markets and sent ripples through currency and commodity markets. The rupee opened at 85.89 and swung between 85.82 and 86.29 during intraday trade.

Read More

SC Collegium recommends names of three advocates for appointment as Gujarat HC judges
SC closes habeas corpus plea against Sadhguru’s Isha Foundation
Rich nations gave $32.4 bn for climate adaptation in 2022; inadequate tells UN report
Rich nations gave $32.4 bn for climate adaptation in 2022; inadequate tells UN report
Uttarakhand: CM Dhami gives appointment letters to 108 selected Assistant Professors
Uttarakhand: CM Dhami gives appointment letters to 108 selected Assistant Professors

It settled at 86.26, logging its biggest drop since January 13. On Monday, it had already slipped 32 paise, following a 14 paise dip the session before. Market experts highlighted multiple pressures weighing on the rupee. “Strong demand for the dollar, FII outflows, and global uncertainty have pushed the rupee lower. A weak yuan has also added to the pressure,” said Dilip Parmar of HDFC Securities.

Meanwhile, investors are keeping a close eye on the RBI’s monetary policy announcement due Wednesday. RBI Governor Sanjay Malhotra and the MPC began deliberations on interest rates Monday. Despite some recovery in Brent crude (up 0.19% at $64.33), foreign institutional investors sold ₹4,994 crore worth of Indian equities. The domestic markets, however, staged a comeback with the Sensex and Nifty rebounding sharply after Monday’s crash.

You Might Also Like

Prashant Kishor starts indefinite fast over Bihar exam paper leak, slams Nitish Kumar

Top places in Delhi for gorgeous Mehndi designs under Rs 300 this Karwa Chauth

Indian woman earning Rs 88 lakh in US says she’d move back home for same salary

One terrorist killed by security forces in Jammu & Kashmir’s Srinagar, encounter on

Why did RCB release Faf du Plessis during IPL retentions list? Here’s the reason

TAGGED:anuj choudhary mirae assetcrude oil price vs rupeecurrency market crashdilip parmar hdfc securitiesdollar index movement todayfii selling indian marketsforeign capital outflows indiaglobal trade war impact indiaimporters buying us dollarsindian equity market reboundindian forex market updateinr decline latest newsinr spot trading rangenifty bounces backoil price fluctuation impact inrrbi monetary policy sanjay malhotrarbi policy decision 2025rupee crash april 8rupee depreciation reasonrupee falls 50 paiserupee hits 86.26rupee lowest since march 21rupee outlook this weekrupee performance vs asiarupee volatility 2025rupee vs dollar april 2025sensex recovers 1000 pointstrade war fears indiaus-china tariff warworst-performing asian currency
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Latest News

2 terrorists killed in encounter with security forces in J&K’s Poonch
2 terrorists killed in encounter with security forces in J&K’s Poonch
India News
Rs 1121.41 crore sanctioned for international cricket stadium at Rajgir
Rs 1121.41 crore sanctioned for international cricket stadium at Rajgir
India News
Sisodia to be shifted out of Patparganj? AAP’s second list likely to be out today
Congress & BJP are responsible for ruined state of India’s education system: Manish Sisodia
India News
Cabinet approves Rs 316 Cr for new dairy plants across 5 districts
Cabinet approves Rs 316 Cr for new dairy plants across 5 districts
India News

You also Like

As ‘digital arrests’ rise, Centre issues advisory | Here’s how to avoid such scams
India News

As ‘digital arrests’ rise, Centre issues advisory | Here’s how to avoid such scams

NM Desk NM Desk 3 Min Read
Election rule amendments: SC issues notice to Centre, ECI on Jairam Ramesh’s plea
India News

Election rule amendments: SC issues notice to Centre, ECI on Jairam Ramesh’s plea

NM Desk NM Desk 3 Min Read
Bengal SSC to conduct fresh exams for school posts after Supreme Court’s verdict
India News

Bengal SSC to conduct fresh exams for school posts after Supreme Court’s verdict

NM Desk NM Desk 2 Min Read
IndiaPost LiveIndiaPost Live
Follow US
© 2024 NM Media. All Rights Reserved.
  • About Us
  • Privacy Policy
  • Contact Us
Welcome Back!

Sign in to your account