Indian Rupee fell to a record low of 81.55 against the US dollar on Monday following a sharp upwards in dollar index and yields US treasury notes.<\/p>\n
The 2-year US Treasury yield was its highest level at 4.2 per cent since October 12, 2007.\u00a0<\/span><\/p>\n The Rupee fell for the fourth day in a row in the wake of risk-averse sentiments and unprecedented strength in the greenback following Federation tightening and recession worries.<\/p>\n The dollars rally rose sharply since last week as the US Federal Reserve increased rates by 75 basis points and forecast more large size rates to control inflation.<\/p>\n The Reserve Bank of India is selling dollars after the Rupee hit an all time low for the fourth day in a row, sources said. The apex bank\u00a0is all set to raise rates later this week on September 30.<\/p>\n In the period ahead, the USD-INR would feature a bullish trend and may approach towards 82 as the strength in dollar continues. The USD-INR index is having resistance around 82 and support at 81.05, experts noted.<\/p>\n","protected":false},"excerpt":{"rendered":" Indian Rupee fell to a record low of 81.55 against the US dollar on Monday following a sharp upwards in dollar index and yields US treasury notes. The 2-year US Treasury yield was its highest level at 4.2 per cent since October 12, 2007.\u00a0 The Rupee fell for the fourth day in a row in […]<\/p>\n","protected":false},"author":3,"featured_media":3380,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3833,1,8,6,5],"tags":[239,222,4383,2054],"class_list":["post-7010","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","tag-rbi","tag-rupee","tag-us-fed","tag-usd"],"aioseo_notices":[],"yoast_head":"\n