Macro Finance
Rupee Nears Record Low as RBI Hike Leaves Traders Wanting More
Bloomberg Markets·October 7, 2026·1 min read
India’s rupee retreated even after the central bank hiked interest rates for the first time in four years, as traders were disappointed by the lack of more aggressive steps to tighten liquidity and support the currency. The rupee neared a record low, reflecting ongoing pressure from global factors and domestic economic conditions.
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