2025-01-10 03:37:41 pm | Source: Reuters
Rupee dips to lifetime low amid firm dollar ahead of key jobs data
The Indian rupee hit an all-time low on Friday, pressured by a firm dollar and as regional currencies stayed on the defensive ahead of the keenly awaited U.S. nonfarm payrolls report.
The rupee dropped to a record low of 85.9400 per U.S. dollar, down from 85.8475 in the previous session and past the prior all-time low of 85.9325 hit on Thursday.
The dollar index was around 109.12 ahead of the jobs data, due after Indian market hours.
The 10-year U.S. Treasury yield was around 4.68% in Asia hours. It hit an over eight-month high of 4.73% earlier this week.
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