The Rupee's Bumpy Ride: Will It Rebound or Plummet?
The Indian rupee depreciated by 17 paise against the US dollar in early trade on Monday, following the Reserve Bank of India's (RBI) decision to bring forward the cut off date for its concessional FCNR (B) deposit swap facility from September 30 to August 31.
This move has significant implications for the rupee's value.