The Indian rupee in the present day once more fell to a document low in opposition to the US greenback. At present the Indian rupee fell by 14 paise to 77.69 in opposition to a US greenback.
Expectations of a tightening of financial coverage charges within the US additionally weighed on the rupee, as any development in developed markets is often accompanied by outflow of funds from rising markets to build up increased returns.
The rupee has been below strain after world central banks launched a basic coverage and the RBI additionally began elevating key rates of interest final week. Aside from this, the rise in world crude oil costs can be one of many causes for the autumn in rupee.
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