Rupee hits a new low of 88.80/$, down over 3.5% in this year
Rupee hits a new low of 88.80/$, down over 3.5% in this year
The Indian rupee experienced a significant drop against the dollar, despite the dollar's global weakness, due to concerns over increased US tariffs and H-1B visa fees. This decline has negatively impacted India's IT sector, although the RBI intervened to manage volatility. Experts anticipate a potential rupee recovery in October, expecting the dollar and rupee to move in opposite directions.
The Indian rupee experienced a significant drop against the dollar, despite the dollar's global weakness, due to concerns over increased US tariffs and H-1B visa fees. This decline has negatively impacted India's IT sector, although the RBI intervened to manage volatility. Experts anticipate a potential rupee recovery in October, expecting the dollar and rupee to move in opposite directions.
The Indian rupee experienced a significant drop against the dollar, despite the dollar's global weakness, due to concerns over increased US tariffs and H-1B visa fees. This decline has negatively impacted India's IT sector, although the RBI intervened to manage volatility. Experts anticipate a potential rupee recovery in October, expecting the dollar and rupee to move in opposite directions. 
