Indian Rupee Hits Record Low Against U.S. Dollar On Fed Rate Hike Worries
2022年10月20日 - 12:05PM
RTTF2
The Indian rupee lost ground against the U.S. dollar in late
morning deals on Thursday, as regional shares fell, tracking a drop
in Asian shares, amid worries that aggressive monetary tightening
to contain inflation could spark a global recession.
The benchmark 30-share BSE Sensex dropped 125 points, or 0.21
percent, to 58,981, while the broader NSE Nifty index was down 33
points, or 0.19 percent, at 17,478.
Investors continue to worry that steep interest rate hikes by
the U.S. Federal Reserve to control inflation may fuel the
recession.
The Indian rupee touched a record low of 83.22 against the
greenback. At yesterday's close, the pair was worth 83.01.
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