Indian Rupee closed 10 paise lower at 89.56 against US Dollar on Monday becoming the worst performing currency in Asian peers on a year-to-date basis. The Indian currency has fallen 4.6% year-to-date. Intraday, it hit a record low of 89.90 a dollar.

The rupee hit the psychological 90-a-dollar level in intraday trade before settling 42 paise down at an all-time low of 89.95 (provisional) against the US dollar on Tuesday, largely owing to continued short-covering from speculators and sustained importer demand for the American currency.

Forex traders said multiple pressures, like foreign fund outflows from equities and lingering uncertainty over the Indo-US trade deal, are keeping investor sentiment fragile.

The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective currencies.

The US Dollar weakens as ISM PMI falls to 48.2, boosting Fed rate cut bets and shifting near-term outlook for DXY, GBP/USD, and EUR/USD.

The Zimbabwean ZiG currency has remained in a tight range this week as investors reacted to the new announcement by the government.

Despite the fact that the actual value of Bitcoin and other cryptocurrencies like it remains exceedingly volatile, capable of and likely to change from moment to moment, these digitized forms of curre

The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month.