MUMBAI, Oct 19 (Reuters) – The Indian rupee fell to file low versus the U.S. greenback on Wednesday, as surging U.S. Treasury yields prompted a broad rally within the buck.
The rupee fell to a file low of 82.7750 per greenback, down from 82.36 within the earlier session.
“As soon as the RBI (Reserve Financial institution of India) moved away from the 82.40 stage, which it was defending, there was absolute panic greenback shopping for,” a dealer at a non-public sector financial institution mentioned.
“Until RBI is available in once more, no stage is sacrosanct.”
Merchants from two personal banks