Rupee Struggles Against Dollar as Inflation Hits Nine-Month High
The Indian rupee is hanging in there, slipping just 2 paise to 84.07 against the US dollar. Foreign fund outflows and climbing crude oil prices are keeping the currency on edge. Even with some backing from domestic equities, the rupee's struggling thanks to heavy selling by foreign investors and high retail inflation.
By Avi G
October 15, 2024