Indian Rupee Better Placed Than Em Peers, Despite Touching New Low | Mint - Mint


5/9/2022 12:00:00 AM2 years 11 months ago
by Harsha Jethmalani

Fears of a slowdown in global growth amid upcoming interest rate hikes by the US Federal Reserve have dampened investors' sentiment towards emerging market currencies, including the Indian rupee.

The Indian rupee hit a new low of 77.48 against the US dollar Monday, breaching it's previous low seen in March, following the escalation of the Russia-Ukraine conflict. Fears of a slowdown in globa… [+2024 chars]

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