weather_iconAshburn | 1.96 °C | AQI 15
Monday, 17 February, 2025

---Advertisement---

Business

Rupee To Cross 100-Mark? 4 Key Factors Behind The Historic Fall Of Rupee To 87-Mark Against Dollar

Indian-origin tech influencer, former Google engineer, and US-based investor, Debarghya (Deedy) Das, recently shared a post on X.

The Indian rupee hit an all-time low on Monday (February 3), breaching the Rs 87 mark against the US dollar for the first time, weakening from Friday’s close of 86.61/$. This visible decline comes amid rising global trade tensions following US President Donald Trump’s imposition of new tariffs on Mexico, Canada, and China.

Indian-origin tech influencer and US-based investor, Debarghya (Deedy) Das, has made a bold prediction that the rupee could hit the 100-mark by December 2027. He pointed to the past fluctuations of the Indian rupee against the dollar as a key factor in his outlook. Das tweeted that the USD-INR exchange rate has nearly doubled in the past 14 years, which has an average rate of around 5% annually.

---Advertisement---

What Donald Trump Announced

The US President Donald Trump has declared on January 31 that he will be imposing a 25 per cent tariff on goods imported from Mexico and Canada, along with a 10 per cent tariff on Chinese imports, effective February 1. This announcement has triggered various implications on currency including rupee which globally rattled the markets. However, China warned of countermeasures.

Rupee To Cross 100- Mark In 2027

Indian-origin tech influencer, former Google engineer, and US-based investor, Debarghya (Deedy) Das, recently shared a post on X. He said “USD-INR has nearly doubled in 14yrs, at ~5% a year.” “In Dec 2027, it’ll hit 100,”

---Advertisement---

Chinese Yuan

Chinese Yuan declined 0.54% to 7,3585 per dollar, adding pressure on emerging market currencies. The US dollar gained strength against other major currencies, while interest rates on US government bonds (Treasury yields) also went up.
Apart from heightened global tensions and rising global interest rates, the foreign investor outflows from the Indian markets are also contributing for the weakening of Rupee.

RBI To Announce Policy On February 7

The Reserve Bank of India (RBI) is expected to announce its policy decision on February 7, with a 25 basis point rate cut anticipated. On January 31, the benchmark 10-year government bond yield closed at 6.7001%, slightly lower than the previous week.

HISTORY

Written By

Lakshmi Ranjith Nair


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Delhi Court Adjourns Land Job Scam Case Hearing

Feb 17, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 11:54 (IST) 17 Feb 2025

    Haryana: Bus Carrying 44 Deportees From US Arrives In Ambala

N24 Shorts Logo

SHORTS

RR (Photo Credit- X-Platform)
Sports

RR IPL 2025 Schedule: Can The Inaugural IPL Champions Find Their Mojo Again? Check Out Full RR Schedule Here!

RR had won the title of champion in the very first season of the league, but for the last 16 years, its hands have been empty.

View All Shorts

---Advertisement---

Trending