08:13
The Indian Rupee is once again approaching record lows, and the recent interventions by the Reserve Bank of India have had limited effect.
The Indian Rupee is once again nearing a new low, falling for the third consecutive trading day, with the Exchange Rate against the US Dollar dropping to 88.7988. Despite the Central Bank's intervention measures, it remains difficult to stop the depreciation pressure. Analysts point out that the opportunity for shorting the Dollar has basically come to an end.

