The Indian rupee reached a historic low on Tuesday. Stubbornly high crude oil prices and weaker Asian currencies pressured the rupee. Higher US yields added to the decline. State-run banks sold dollars, suggesting possible central bank intervention. The rupee… For the full story, visit the source.
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Rupee sinks to all-time low of 96.47 vs USD on mounting external finance pressures, rising US yields
The Indian rupee reached a historic low on Tuesday. Stubbornly high crude oil prices and weaker Asian currencies pressured the rupee. Higher US yields added to the decline. State-run banks sold dollars, suggesting possible central bank intervention. The rupee…
By Reuters· The Times of India· 5 months ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India