Indian Rupee Hits Record Low Against Dollar Ahead of Federal Reserve Meeting and National Budget
The Indian rupee fell 1.2% last week as it reached a historic low of 91.9650 against the dollar. Markets now await the Federal Reserve and the national budget.
Insights:
The Indian Rupee experienced a significant decline last week in India 
IN, as it breached the 91 level against the United States 
USdollar. The currency fell approximately 1.2 percent over the period, marking its steepest weekly drop in six months. During this period of volatility, the rupee touched an all-time low of 91.9650 per dollar, driven by a combination of high importer demand for dollars and speculative market interest.
IN, as it breached the 91 level against the United States USdollar. The currency fell approximately 1.2 percent over the period, marking its steepest weekly drop in six months. During this period of volatility, the rupee touched an all-time low of 91.9650 per dollar, driven by a combination of high importer demand for dollars and speculative market interest.
