- Tuesday, April 23, 2024
By: Radhakrishna N S
The Indian Rupee (INR) touched an all-time low of 69.80 against the US dollar (USD) on Monday (13) following a weak trend in the currencies of developing countries. Following a high volatility in the currency market, India’s central bank, Reserve Bank of India (RBI) was seen intervening the market. However, RBI’s intervention was mild and it was intended to limit the higher volatility in the early trade. INR has recorded a fall over 7.5 per cent so far in 2018. INR had closed at 68.84 against USD on last Friday (10). Investors preferred safe havens such as the USD and…
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