Rupee languishes at six-week low ahead of Fed outcome, RBI limits losses
· economictimes.indiatimes.com
The Indian rupee has dropped to its lowest value since late July, driven by heightened demand for the dollar and expectations of U.S. Federal Reserve interest rate hikes. While the Reserve Bank of India's interventions have helped maintain the rupee above a critical threshold, investors are eagerly awaiting signals from the Fed regarding future monetary policy, as a hawkish stance could further pressure the currency.
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