Indian Rupee Hits Two-Month Low on Outflows, RBI Decision Eyed
The Indian rupee fell to its weakest level in over two months on Tuesday, driven by outflows from local equities. Traders are now focused on the Reserve Bank of India's monetary policy decision on Wednesday, where a rate hike is widely anticipated.
The Indian rupee fell to its weakest level in more than two months on Tuesday, pressured by outflows from local equities, as traders looked ahead to the Reserve Bank of India's monetary policy decision on Wednesday, where a hike is widely expected. Dollar sales from state-run ba…