Indian Rupee plummets to 10-month low against the US dollar
Image Credit: livemint
The Indian Rupee experienced a 10-month low against the US dollar in early trade on Monday. It fell by 16 paise to Rs. 83.01. A strong dollar and a tendency to sell equities by foreign institutional investors (FIIs) in the domestic market affected the Rupee's value. Other Asian currencies also faced a downturn, ranging between 0.2% and 0.6%.