INR WEAKENS NEAR 84 PER US DOLLAR MARK

Published on Aug 28, 2024 14:33

Indian Rupee eased a bit today, approaching near record low mark against the US dollar. INR is at 83.97, down 4 paise on the day. The US dollar index edged up from at its lowest level. The dollar index that measures the greenback against a basket of currencies is quoting at 100.80 today, witnessing modest gains. Investors now look ahead to the latest initial jobless claims and the Fed-preferred PCE price index report later this week for more clarity on the rate path.