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Rupee drops below 83 per US dollar for first time since October 2022
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rupee, on Monday, declined below 83 to the U.S. dollar for the first time since October 2022, as the jump in U.S.
yields pressured Asian currencies. The rupee was at 83.0500 to the dollar by 09:06 a.m.
IST, down from 82.8450 on Friday. The 10-year U.S.
yield rose to 4.18%, while several Asian currencies were down more than 0.5%. «Clearly, it's all about the RBI (Reserve Bank of India),» a dealer at a bank said.
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