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The fall of Rupee: Indian currency Rupee (INR) loses 16 paise to all-time low of 82.33 against USD in early trade on Friday. A firm American currency and risk-averse sentiment among investors hurt the INR.
Rupee Today: The Indian currency weakened a touch against a surging dollar as the focus shifted back to an even more aggressive Fed rate hike path.
The rupee weakened but still held its ground amidst a massive global sell-off on renewed bets for aggressive rate hikes by major central banks which pushed the dollar to a new two-decade high on Wednesday.
Rupee Today: