USD vs INR: The Indian rupee fell to a fresh all-time low on Monday, reversing early gains, as fundamentals remained skewed against the currency.
The rupee weakened past the 95 per dollar mark for the first time to 95.20 per dollar, down 0.3% on the day.
So far in March, the domestic unit has declined more than 4% as of Friday, putting it on track for its worst monthly performance in seven years. On Friday, it dropped nearly 1%, hitting a record low of 94.84.
More to come…