scorecardresearchIndian rupee slumps to near four-week low as euro, yuan weaken

Indian rupee slumps to near four-week low as euro, yuan weaken

Updated: 22 Aug 2022, 03:12 PM IST
TL;DR.
The rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session.
An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg