Rupee bleeds red to a new low on greenback demand, slumps against Chinese yuan too
The Indian rupee plunged to a record low, breaching the psychological 88-per-dollar mark for the first time amid mounting fears that US tariffs could undermine the country’s economic growth and strain its balance of payments, further hitting already fragile portfolio inflows, treasury dealers said. Before closing at 88.19, the rupee fell to 88.31 to the … Read more