Rupee hits record low on feeble foreign flows, drawing RBI to defend 90 level
The Indian rupee dropped to an all-time low on Tuesday, with sustained flow pressures and the lack of a US-India trade deal overshadowing robust domestic fundamentals, prompting the central bank to step in the prevent the currency from breaking past the 90 level. The rupee was down 0.28% at 89.7975 per dollar, inching past Monday’s … Read more