Tag Archives: India’s RBI sells dollars as rupee hits record low on US rate hike fears

The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the USFederal Reserve rate outlook, traders told Reuters. The rupee was last trading at 82.27, down from 81.88 in the previous session, but off the session low of 82.33. The rupee dropped …

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