scorecardresearchIndian rupee tipped to fall further after reaching record low, RBI key, say analysts

Indian rupee tipped to fall further after reaching record low, RBI key, say analysts

Updated: 22 Sep 2022, 09:31 AM IST
TL;DR.
The Fed raised rates by 75 basis points, in line with expectations. More importantly, it hinted that more hikes were coming and that rates would stay elevated until 2024. Asian currencies opened weaker, with the Chinese yuan slipping below 7.10 to the dollar.
A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg

A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg