GK and monthly revision

Rupee logs sharpest fall since June 8, ends at 95.24 against dollar

The Indian rupee fell sharply, ending at 95.24 against the US dollar, marking its steepest decline since June 8. This depreciation is significant as it reflects market reactions to expected hawkish comments from the US Federal Reserve, which can influence global currency markets. The Reserve Bank of India intervened to curb further losses, indicating its role in stabilizing the currency. Traders are now adjusting to a potential new trading range for the rupee, highlighting the ongoing volatility in foreign exchange markets.