USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session.

A firmer USD, ongoing Foreign Institutional Investors (FIIs) outflows, and downbeat Indian economic data weigh on the INR.

RBI's $5 billion dollar/rupee swap auction oversubscribed, infusing liquidity into banking system, with 28 bids accepted.

Explore why the USD/INR exchange rate has jumped to a record high and what to expect later this year as the RBI starts ...