The Indian rupee slipped a bit on Tuesday, aligning with global movements as the U.S. dollar climbed to its highest point in a year. The dollar’s ascent, fueled by renewed hopes for Federal Reserve interest rate increases, led to a downturn in Asian markets. While traders brace for continued challenges for the rupee, possible dollar inflows could offer a cushion.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets