Rupee Logs Sharpest Fall Since June 8 Ends At 95 24 Against Dollar
Economic Times
The Indian rupee weakened significantly, crossing the 95 per dollar mark for the first time in almost a month. This decline occurred ahead of anticipated hawkish remarks from the US Fed chair
. The Reserve Bank of India intervened to limit further losses, though the rupee experienced its sharpest fall since early June. Traders anticipate a new trading range for the currency in the coming days.
Over the past month or so, the currency traded in the range of 94.20 to 94.65 per dollar.
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