As Dollar Strengthens, Rupee Stumbles to New Bottom at 89.41
The rupee hit a record low of 89.41 against the US dollar for the first time, influenced by uncertainties regarding the US-India trade deal, short covering, and lack of intervention from the Reserve Bank of India (RBI). The rupee fell 70 paise (0.79%) to close at 89.41, marking its largest single-day drop since May 8,…
