 "rupee")
Rupee weakened further on Friday and closed below the 75/dollar mark for the first time in 2022 after US January inflation accelerated to 40 years high of 7.5 per cent year-on-year, which spooked the global markets.
The rupee was on a weaker footing after the Reserve Bank of India (RBI) announced a ‘super dovish’ policy on Thursday, and depreciated further on Friday as the dollar strengthened globally.
“Rupee fell against the US dollar after inflation in the US rose sharply in January. US consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fuelling financial
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