 "rupee")
The rupee weakened sharply against the US dollar to hit a fresh low as comments by members of the US Federal Reserve strengthened the anticipation of the American central bank continuing to hike rates at a rapid pace.
The expectation of a longer US monetary tightening cycle pushed the US dollar index up to fresh 20-year highs as global funds made their way to the world’s largest economy.
The rupee weakened to a new low of 81.94 per US dollar in opening trades on Wednesday. The domestic currency, which had settled at 81.58 per dollar on Tuesday, has lost 2.4
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