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A worker checks a 500 Indian rupee note as a man fills diesel in containers at a fuel station in Kolkata, India, August 14, 2018. Rupak De Chowdhuri
A worker checks a 500 Indian rupee note as a man fills diesel in containers at a fuel station in Kolkata, India, August 14, 2018. Rupak De Chowdhuri
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Indian rupee drops to record low as risk aversion boosts dollar

April 19th, 2024 | 03:41 AM MARKETS Currencies 1

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By Reuters

The Indian rupee opened to a record low on Friday as reports of Israeli strikes in Iran prompted investors to exit risk assets and lap up safe havens.

The rupee opened at 83.5550 to the U.S. dollar, weakening past 83.5475, its previous record low, and down from 83.5375 on Thursday.

U.S. equity futures and Asian shares declined while safe haven demand lifted U.S. Treasuries.

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  • RUPEE/MARKETS (URGENT)
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