Wednesday, May 11, 2022

Economists warn of weaker rupee pushing up imported inflation

The rupee on Monday fell to an all-time low of 77.44 against the dollar driven by both the outflow effect as the US Federal Reserve tightened the monetary policy amid expectations of further rate hikes and the fallout of geopolitical tensions.

from Economy-News-Economic Times https://ift.tt/EpcBJZA
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