Rupee slips to record low as pressure from carry trade unwind lingers
The Indian rupee weakened to yet another all-time on Wednesday, hurt by the continued unwinding of carry trades and on dollar demand from local importers. The rupee fell to its record low of 83.9725 to the dollar before closing at 83.9550, its weakest closing level ever. The currency has hit record lows for four straight … Read more
