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Indian Rupee: Seen tracking regional peers lower
19-May-2025 09:17

The Indian rupee is seen pressured tracking regional peers that were lower on Monday morning after Moody's Ratings downgraded the U.S. credit rating one notch from Aaa to Aa1 due to rising debt and political discord, and China announced anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan. INR opened at Rs 85.43 per dollar and dipped to a low of 85.61 so far during the day. On Friday, the unit ended at 85.57. Benchmark indexes Sensex and Nifty each jumped around 4 percent last week, recording one of their best weekly performances in recent times, encouraged by a ceasefire agreement between India and Pakistan.

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