Rupee hits life low for fourth straight day on broad dollar rally
Updated: 14 Jul 2022, 09:35 AM IST
TL;DR.The dollar resumed its relentless rise, driven by both expectations for faster policy tightening by the Federal Reserve and safe-haven flows as fears grow for a recession.
FILE PHOTO: An attendant at a fuel station arranges Indian rupee notes in Kolkata, India, August 16, 2018. REUTERS/Rupak De Chowdhuri