Rupee Breaches 90/Dollar, More Weakness Expected
The Indian rupee fell past the key 90-per-dollar level, cementing a weak bias. With RBI intervention measured, analysts expect more pressure and speculative bets against the currency.
The Indian rupee fell past the key 90-per-dollar level, cementing a weak bias. With RBI intervention measured, analysts expect more pressure and speculative bets against the currency.
As the rupee breaches 90 against the dollar, experts argue the RBI should focus on inflation, not currency defense. A weaker rupee can boost exports amid a widening trade deficit. Read the analysis.
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