The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that ...
The Reserve Bank of India used dollar-rupee swaps to inject $3 billion worth of rupee liquidity to ease a financial squeeze.
The currency is likely to weaken past the 86 level at the open on Monday. The Indian rupee is likely to fall further this week, weakening past a psychologically important level, in the wake of an ...