Indian rupee falls below 83-mark for first time against US dollar
Shortpedia
Content Team
Image Credit: OUTLOOK india
The Indian rupee fell below 83 versus the US dollar for the first time on Wednesday, as surging US treasury yields forced a rally in the greenback. The rupee plunged 61 points to dip below for the first time and closed at a record low of 83.01 against the dollar. Rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said.
