Indian Rupee Falls To Record Low Against U.S. Dollar
July 13 2022 - 1:53AM
RTTF2
The Indian rupee touched a record low against the U.S. dollar on
Wednesday, as the latter strengthened across the board and oil
prices rose.
Investors focus on the release of key U.S. inflation data that
could help determine Fed's path for interest rate increases.
Markets expect a 75 basis point rate hike from the Fed later
this month, which is supporting the dollar.
The Indian rupee fell to a record low of 79.68 against the
greenback from Tuesday's close of 79.46.
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