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Rupee hits record low of 88.67 against Dollar, Gold at all-time high on Fed Outlook
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New Delhi [India], September 23 (ANI): The weakness in the Indian rupee continued on Tuesday, with the currency touching a record low of 88.67 per U.S. dollar at the time of filing this report.
K N Dey, a currency expert, told ANI that the rupee breached its lifetime low of 88.47/USD recorded on September 11 in the morning session.
'Gold breached the door of USD 3700 once again, while silver goes way past USD 43 on COMEX.
However, the Fed also cautioned about persistent inflation while casting doubt over the pace of easing in 2026 and 2027.
With a weaker rupee, active RBI interventions, and gold at historic levels, global uncertainties continue to dominate investor sentiment across currency and commodity markets.
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