Branch2 Intelligence
Rupee logs sharpest fall since June 8, ends at 95.24 against dollar
Key takeaway
Rupee plunges to 95.24/$ — steepest drop since June 8 — ahead of hawkish Fed signals.
- Step 11st-order: Hawkish Fed expectations strengthen the US dollar globally.
- Step 22nd-order: INR depreciates to 95.24/$ as capital outflows accelerate and RBI intervention is insufficient.
- Step 33rd-order: Import-dependent Indian SMEs face higher input costs, compressing margins; exporters gain competitiveness.
Source: Economic Times (Markets)
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