Rupee falls below 83 to lowest against US dollar since October 2022
The rupee was at 83.0500 to the dollar by 09:06 a.m. IST, down from 82.8450 on Friday. The 10-year U.S. yield rose to 4.18%, while several Asian currencies were down more than 0.5%.”Clearly, it’s all about the RBI (Reserve Bank of India),” a dealer at a bank said.
