Rupee hits all-time low of 77.43; strong dollar, elevated crude prices, risk aversion in markets drag currency

The Indian rupee fell to a fresh all-time low of 77.43 against the US dollar on Monday as elevated crude oil prices, inflation fears, interest rate hikes and weak domestic equities weighed on investor sentiments. Risk aversion in global markets, dollar strength dented demand for riskier assets, drag…

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