INSUBCONTINENT EXCLUSIVE:
MUMBAI: Indian rupee ended at a record closing low against the dollar as an emerging markets (EM) currency selloff and an impending vote of
confidence on Prime Minister Narendra Modi government weighed on investor sentiment.
The Indian Parliament will debate a no-confidence
Although there appears to be no real threat to the government, investors would watch the outcome to gauge the ability of the government to
The rupee has been the worst performing currency in Asia, extending its losses to 7.5 per cent this year
Financial Consultant, a Mumbai-based forex firm
amid trade war between top trading nations.
The rupee hit record low at 69.09 on June 28 earlier this year as elevated crude oil prices
A volatile crude oil price is also weakening the rupee.
