💨 Abstract

The Indian rupee reached an all-time low of 85.82 against the US dollar on Monday, due to broad-based dollar demand and pressure from the RBI's likely intervention. State-run banks were reportedly offering dollars on the RBI's behalf. The RBI has been curbing losses around 85.80 for the past 10 days.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖