The Indian rupee fell to a 13-week low against the US dollar, ending down 0.2% at 82.8275. The rupee had dropped to 82.85 in early trading, the lowest it had been since 27 February. The Reserve Bank of India is expected to protect the currency if the strength of the USD/INR pairing continues. The rise in the dollar index has changed the trading range for the rupee to 82.50-83 from 81.60-81.90. Markets are looking for developments on the US debt ceiling and the trajectory of rate hikes in the world’s largest economy.
