Rupee Vs Dollar: Indian rupee hits record low for fourth session as bond yields rise
Rupee Vs Dollar: The Indian rupee weakened to hit record lows against the greenback for a fourth straight session and domestic bond yields rose on Thursday after data showed the U.S. inflation rate, already at four-decade highs, accelerated even further.
The partially convertible rupee was trading at 79.75/76 per dollar by 0420 GMT, compared to its close of 79.63 on Wednesday. Pic: Reuters