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Indian rupee drops to record low as risk aversion boosts dollar
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Indian rupee drops to record low as risk aversion boosts dollar
Apr 18, 2024 8:47 PM

MUMBAI, April 19 (Reuters) - The Indian rupee opened to

a record low on Friday as reports of Israeli strikes in Iran

prompted investors to exit risk assets and lap up safe havens.

The rupee opened at 83.5550 to the U.S. dollar,

weakening past 83.5475, its previous record low, and down from

83.5375 on Thursday.

U.S. equity futures and Asian shares declined while safe

haven demand lifted U.S. Treasuries.

(Reporting by Nimesh Vora; Editing by Mrigank Dhaniwala

)

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