Rupee Slides Further Against Strong Dollar Despite IMF Progress
- The rupee fell further against the US dollar despite smooth IMF talks
- The dollar surged to Rs287 in the open market compared to Rs285 previously
- The interbank market saw the rupee decline 98 paise to 285.29 vs dollar
- Experts say the market is chasing dollars at higher rates despite expected IMF deal
- Factors like dollar shortages, poor exports, and election announcement add uncertainty