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,A fruit vendor counts Indian rupees in Mumbai, India, May 9, 2022. The rupee hit 78.2825 per dollar for the first time as a forecast-beating US inflation report on Friday heightened prospects for a further tightening of monetary policy by the Federal Reserve. – AFP pic, June 13, 2022.

THE Indian rupee plunged to a record low against the dollar today, ahead of an expected US interest rate hike this week aimed at fighting surging inflation.

The rupee hit 78.2825 per dollar for the first time as a forecast-beating US inflation report on Friday heightened prospects for a further tightening of monetary policy by the Federal Reserve.


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