Rupee Hits Record 88.73 as Pressure Mounts on Currency
The Indian rupee hit a fresh record low of 88.73 against the US dollar, extending its slide amid growing external headwinds and domestic concerns. Today’s close marks a 41-paise drop from Monday’s 88.32 finish, underscoring persistent downward pressure on India’s external position and financial markets. Key drivers include the Federal Reserve’s hawkish stance, which keeps the dollar…