Indian Rupee fell down to a record low of below Rs 81 on Friday even as Reserve Bank of India intervened to check further fall.<\/p>\n
The partially convertible rupee closed at 80.99 per dollar against a previous close of 80.86. During the day, it fell to a record low of 81.2250 before the apex bank intervened, traders at the State-run banks said.<\/p>\n
The currency posted its worst week since April last year, losing 1.6 per cent with most of the losses in the last two trading sessions. Actually, it is a difficult task to control the fall of the Rupee but the Reserve Bank of India does it in the interest of stabilizing the currency versus US dollar, said experts.<\/p>\n
The dollar index has risen to a 2 decade high and risk assets have been battered since the US Federal Reserve on Wednesday night hiked interest rates to tackle inflation.<\/p>\n
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Indian Rupee fell down to a record low of below Rs 81 on Friday even as Reserve Bank of India intervened to check further fall. The partially convertible rupee closed at 80.99 per dollar against a previous close of 80.86. During the day, it fell to a record low of 81.2250 before the apex bank […]<\/p>\n","protected":false},"author":3,"featured_media":3609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3833,1,8,6,5,31],"tags":[223,239,222],"class_list":["post-7005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-economy-and-politics","category-india-inc","category-opinion-makers","category-markets","category-news","tag-dollar","tag-rbi","tag-rupee"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t