The Indian rupee fell to its lowest closing level ever against the dollar on Thursday as rising U.S. Treasury yields and a risk-averse environment weighed on the local currency. The rupee ended at 83.14 against the U.S. dollar, weakening 0.24% from the previous session. The Malaysian ringgit and the Korean won led losses among Asian currencies, falling 0.5% and 0.3%, respectively. The rupee touched its life-time low of 83.29 on Oct. 20, 2022 during intra-day trade. The rupee has been under pressure since Tuesday but likely offshore dollar sales by the Reserve Bank of India have helped contain the weakness. The ... (full story)