Indian Rupee slumps against US Dollar amid surging US Treasury Yields
The Indian Rupee (INR) trades sharply lower against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 95.16. The pair weakens as stronger United States (US) Treasury Yields have strengthened the US Dollar and have diminished the appeal of risk-sensitive currencies.
The Indian Rupee (INR) trades sharply lower against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 95.16. The pair weakens as stronger United States (US) Treasury Yields have strengthened the US Dollar and have diminished the appeal of risk-sensitive currencies.
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