The Indian rupee lost ground against the U.S. dollar in morning deals on Monday, as better-than-expected U.S. jobs growth reinforced concerns about Fed tapering its asset purchase program in the coming months.
The rupee broke the key 61 mark against the greenback, reaching an all time low of 61.205. The rupee thus lost almost 1.6 percent against the greenback from Friday's close of 60.23.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.