New Delhi, Dec. 16 -- The Indian rupee touched a historic low on Tuesday, breaching the 91-mark against the US dollar for the first time. The sharp fall highlights growing pressure on the domestic currency amid continued foreign fund outflows and weak capital inflows.
Market experts said the rupee has entered an unfamiliar zone, making it difficult to predict how much further it could weaken in the near term. The fall comes at a time when global uncertainty remains high and year-end trading volumes are low, which is adding to market volatility.
K N Dey, a currency expert, told ANI, "Rupee has moved in an unchartered area very difficult to say how far will it go. With Year end approaching markets will be thin but the volatility could be ...
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