Rupee Hit New Record Lows 26 Times Since Ukraine War; Teetering Near 80/$
The rupee is in for a rough ride ahead, with the next key psychological level of 80 per dollar almost a done deal after a blowout US inflation print, which will boost the already-rampant dollar further. "Asian FX vulnerable to sell-off after US inflation surprise," said Robert Carnell, Regional Head of Research for Asia-Pacific, at ING.
