Rupee gets another knockout punch, sinks to fresh low
The Indian rupee has reached a historic low of 91.70 against the dollar, with a 2% depreciation this month and 7.30% this financial year. This is due to rising geopolitical tensions and Japanese yields, along with limited intervention from the RBI and foreign outflows. Experts predict the pressure to continue, with a range of 90.50 to 92.50 in the near-term.