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https://www.cnbc.com/2022/08/04/indian-rupee-weakness-hitting-fresh-lows-amid-global-headwinds-.html
KEY POINTS
KEY POINTS
- The Indian rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead.
- It has already tested record lows falling more than 80 to the dollar level twice in July, only recovering after the Reserve Bank of India stepped in to stem the slide.
- Finance Minister Nirmala Sitharaman attributed the rupee’s depreciation to external reasons, in a written statement to parliament recently.
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