Rupee Slumps To Hit A 4-Week Low As Dollar Reigns Supreme On Rate Hike Concerns

Author : Dhowcruise
Publish Date : 2022-08-22


Rupee Slumps To Hit A 4-Week Low As Dollar Reigns Supreme On Rate Hike Concerns

The rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday t

The rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index - which compares the value of the dollar to a basket of peers - to new five-week highs. After Russia stated late on Friday tThe rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates to tame high inflation even at the cost of economic slowdown. Bloomberg showed the rupee was last changing hands at 79.8638 per dollar, from its previous close of 79.7825, with the Indian currency trading in 79.7762 to 79.9200 range. The top of the range level of 79.92 marks the weakest in four weeks for the rupee. Reuters reported that the rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session. Ahead of the Federal Reserve's Jackson Hole symposium this week, officials from the central bank maintained their aggressive monetary tightening stance, pushing the dollar index



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