The Indian rupee fell against the US dollar today among concerns about India’s slowing economic growth and the bout of risk aversion on the Forex market.
India’s gross domestic product expanded 7.3 percent in the December quarter compared to 7.7 percent growth in the September quarter. The data, as well as the general risk-negative sentiment of traders, led to the drop of the rupee. Despite the slowdown, India remains one of the fastest-growing economies in the world.
USD/INR ticked up from 67.8240 to 68.0560 as of 15:43 GMT today.
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