Why is Rupee falling? Reasons and Impact
The Indian rupee dropped on Wednesday to log its worst single-day performance in nearly two months as dollar demand from importers and foreign banks wiped off nearly all of the currency's gains from earlier in the week. The rupee closed at 83.9225 against the U.S. dollar, down 0.16% from its close at 83.87 in the previous session, its sharpest single day decline since June 26. Traders will pay attention to the minutes of the Federal Reserve's July meeting and revisions to U.S. payroll data, both due later in the day. i this video, Maneesha Tripathi talks about the reasons for fall in India Rupee and possible impacts.