Rupee Slides to New Lows Against Dollar Amid Global Financial Strains, Seen Rangebound for Now
- Indian rupee falling to new low against US dollar due to global financial pressure
- Rupee fall comes as major banks bid for US dollar over rupee
- Drop seen across Asian currencies, not just rupee
- Rupee expected to remain rangebound with small depreciations
- Possible rupee rebound in December due to $1.5B equity market inflows