{"id":276566,"date":"2025-04-08T01:08:02","date_gmt":"2025-04-08T01:08:02","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/08\/rupee-slips-60p-to-85-84-worst-fall-since-january-the-times-of-india\/"},"modified":"2025-04-08T01:08:02","modified_gmt":"2025-04-08T01:08:02","slug":"rupee-slips-60p-to-85-84-worst-fall-since-january-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/08\/rupee-slips-60p-to-85-84-worst-fall-since-january-the-times-of-india\/","title":{"rendered":"Rupee slips 60p to 85.84\/$, worst fall since January – The Times of India"},"content":{"rendered":"
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MUMBAI: The rupee recorded its sharpest single-day fall in nearly three months on Monday, closing at 85.84 against the US dollar, down 60 paise from Friday’s 85.24. The decline followed a selloff in domestic equities and a rebound in the dollar index, which rose 0.3% to 102.9, even as US bond yields dropped on expectations of a Fed rate cut.
The rupee’s weakness came after a brief recovery last week. “China’s retaliatory move to impose tariffs on 355 US products has intensified concerns over a prolonged trade conflict, dampening investor sentiment worldwide,” said Jateen Trivedi of LKP Securities. “The heightened uncertainty has triggered risk-off sentiment, leading to outflows from emerging markets, including India, thus weakening the rupee.” The Chinese yuan slipped 0.4% to 7.32, a near four-month low, prompting a broader slide in Asian currencies of up to 1%.<\/div>\n<\/div>\n