rupee record low: Rupee drops to fresh record low, tracking Asian peers
The rupee dropped to a lifetime low of 83.3050 to the dollar, down from 83.2800 in the previous session. The previous lifetime low was 83.2950. "Its clear that the Federal Reserve wants to maintain a tightening impulse. This makes sense, as any hint of neutrality would hasten a market dash to discount rate cuts," a Reuters report said quoting an ING Bank note.
Source: indiatimes.com