Rupee hits over 2-week low as US yields firm, premiums drop
The Indian rupee fell to its lowest value against the US dollar since April 3 on Wednesday at INR82.225, with the greenback boosted by higher US Treasury yields. Aforex dealer said further losses for the country’s currency could follow a key level break of 82.20, while rate cut expectations from the Federal Reserve have also pushed trading into a choppy phase
