Indian Rupee Slides Past 81 Against The U.S. Dollar For The First Time

The Indian rupee weakened past 81 against the U.S. dollar for the first time.

The domestic currency has depreciated 40 paise over its previous close to a fresh record low of 81.26 against the greenback early on Friday.

It had hit a record low of 80.87 on Thursday after the Fed’s rate hike and hawkish commentary, and saw the sharpest intraday decline since Russia’s invasion of Ukraine.

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