Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$ – Times of India
Mumbai: The rupee ended 2024 on a weaker note, depreciating 2.8% against the US dollar to close the year at 85.59, down from Monday’s close of 84.54. This marked the seventh consecutive year of decline for the Indian currency. Dealers attributed the year-end drop to a possible shift in RBI’s forex intervention strategy, which may…