The rupee depreciation continues. (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Indian rupee hit fresh record low on Friday against the US dollar, as the depreciation trend continues.

The downward pressure in rupee comes against the backdrop of Commerce Minister Piyush Goyal confirming that trade negotiations with the United States are going well.

Goyal added that India should not negotiate with deadlines or hard stops, though he did confirm the recent US trade team was not a part of the negotiation round.

The rupee depreciation also comes on the back of US Federal Reserve cutting rates by a quarter percentage point, which has acted as a trigger for gold and silver prices in recent days.

Harshal Dasani, Business Head, INVAsset PMS, believes

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