Rupee weakens beyond 79 per dollar to hit record low, seen falling more
The Indian rupee weakened past 79 per dollar, plumbing record lows in early trade, as investors retreated from Indian share markets on Friday with the greenback staying strong against major peers due to prospects for higher U.S. interest rates and fears of a widespread recession. By 0352 GMT, the partially convertible rupee was trading at … Read more