Indian rupee hits record low against the US dollar

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Al-Araby

The Indian rupee plunged to a record low against the dollar on Monday, ahead of an expected US interest rate hike this week aimed at fighting surging inflation. The rupee hit 78.2825 per dollar for the first time as a forecast-beating US inflation report on Friday heightened prospects for a further tightening of monetary policy by the Federal Reserve. The benchmark Sensex Index slid as much as 2.1 percent as foreigners took out about $24 billion from local stocks, Bloomberg News reported. #JustIn | Indian Rupee Falls to New Record Low Amid Global Risk-Off Track latest news updates here https:/…

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