Rupee slips as dollar gets Fed hike expectations tailwind
On September 23, the Indian rupee ended weaker at 95.74 against the dollar amid global financial trends.
Expectations of further US Federal Reserve rate hikes have increased the strength of the dollar.
Asian currencies also experienced declines, with some falling 0.3%.
Despite this, state-run banks helped limit the rupee's losses through dollar sales.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
