Indian Rupee Slides To 1-week Low Against U.S. Dollar
15 Setembro 2022 - 5:33AM
RTTF2
The Indian rupee weakened against the U.S. dollar in evening
deals on Thursday, as the latter rose across the board on hopes for
a more aggressive policy tightening by the U.S. Federal
Reserve.
Traders are pricing in a 75 basis point hike at the Fed meeting
next week, while some of them see a full-point move.
Indian markets fell on uncertainty over the size of the rate
hike at the next Fed policy meeting.
The benchmark S&P/BSE Sensex ended the session down 412.96
points, or 0.68 percent, at 59,934.01.
The broader NSE Nifty index slipped 1266.35 points, or 0.70
percent, to settle at 17,877.40.
The Indian rupee declined to 79.82 against the greenback, its
weakest level since September 8. On the downside, 80.1 is possibly
seen as the next support level.
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