USD/INR Plummets as Month-End US Dollar Demand Hits the Indian Rupee
The Indian Rupee, or INR, continues its descent, approaching an all-time low as of Friday. Market pressure mounts due to sustained demand for the US Dollar (USD) from various sectors, including importers and oil-linked companies.
This dynamic exemplifies the currency challenges faced by emerging markets. Investors should keep a close eye on this development and consider how it impacts their portfolios.
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