✉news BusinessBanking first seen 1 d ago, last 1 d ago, peak #21
Rupee Slips Against Dollar as RBI Weighs Intervention Near 96
Original: Rupee slips with Asian peers, RBI likely steps in near 96/USD
The Indian rupee weakened against the US dollar, moving in line with other Asian currencies under broad regional pressure. Traders expect the Reserve Bank of India to step in to support the currency if it approaches the 96-per-dollar level. The slide reflects a wider sell-off in Asian currencies as the dollar strengthens across the region.
Why now: The rupee's fall toward record-low levels is raising concern among investors and businesses about further currency weakness in India.
Indian rupeeReserve Bank of IndiaUS dollarIndia
Rank over time, top of the chart is #1. 3 snapshots from 1 d ago to 1 d ago.
Evidence
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