Rupee Falling Streak

The Indian rupee snapped a seven-session falling streak on Tuesday as central bank intervention and gains in domestic shares helped drive a recovery after the currency breached the 80 per dollar mark earlier in the day.

Like most Asian currencies, the rupee has been falling in recent months as expectations of aggressive U.S. Federal Reserve policy tightening to curb stubborn inflation prompt investors to dump riskier assets.

Post Credits – Shivangi Shrivastava

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