INSUBCONTINENT EXCLUSIVE:
INR Vs USD Currency Exchange Rate: Analysts say that RBI's surprise move spooked the forex markets
Extending its weakness against the dollar to a fifth consecutive session, the rupee declined 30 paise to close at a record low of 74.06
against the greenback on Monday
The rupee had closed at 73.76 a dollar in the previous session
The rupee fell further after last week's move by the Reserve Bank of India (RBI) to keep the key interest rates on hold, while changing
its stance to 'calibrated tightening from 'neutral' - meaning a rate cut is off the table for now
