IndustryRupee Breaches 88-mark for the First Time

Wheels are coming off as far as the rupee is concerned. It breached the 88-mark for the first time and settled for an all-time low of 88.19 (provisional) against the USD on August 29, 2025. The rupee recorded a massive fall of 61 paise against the greenback as trade deal tensions escalated between India and the US. According to forex traders, the imposition of a steep 50% tariff by the US has put the rupee under constant pressure. What further compounded the matter were the month-end dollar demand, constant foreign fund outflows, and a negative domestic equity market trend. The rupee opened at 87.73 at the interbank foreign exchange market, slipped to an intra-day low of 88.33, and settled for 88.19, recording a 61-paise dip.

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2025-08-29 20:00

Industry⁣Global Broker Review Contest

Dear WikiFX Community Members,The highly anticipated “Broker Review Contest” is back! This time, with an even louder voice, we invite you to collectively paint a true picture of the forex industry!We sincerely invite you, as firsthand users of brokers, to take part in the WikiFX community:@ the brokers you’ve used—whether it’s sharp critiques to avoid pitfalls or heartfelt recommendations for “hidden gems”, boldly share your real experiences!Add the exclusive hashtag #RealBrokerExperience to make your voice resonate across the global trading community and be seen by millions of traders!To thank the community members, we’re offering generous rewards this time: Join the in-app community to explore the benefits!

2025-08-28 10:12

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