Currency: Rupee Plummets Against The US Dollar: Why Is INR Falling Today?
New currency metrics revealed on Monday revealed that the Indian rupee has hit its lowest level against the US dollar. INR’s value has fallen below 84 for the first time in history as it trades below 84 against a visibly strong dollar. New developments are pushing INR down to hit new lows. The INR’s latest plunge to 84 is dubbed a lifetime low, adding more pressure to the Indian economic structure. Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Price Analysis For October End Indian Rupee Weakens To New Lows Image Courtesy: Pixabay Recent currency metrics indicate that the Indian rupee has hit a record low against the US dollar. INR is currently sitting at 84.0725, further down from its earlier low of 84.07. At the same time, the US dollar shows signs of positive progression, opening at 103 on Monday, up 0.13% in the process. The rupee has noted a significant decline in its value, primarily due to the constant outflows of foreign investments noted in the Indian economic structure as...