Depreciation of the Indian rupee continued this week amidst a strong dollar and consistent foreign funds outflow that offset the support from gains arising from bullish domestic equities. On Friday, the rupee closed at 79.25 against the US dollar down by 12 paise from the previous close. The local unit has touched a series of all-time lows in the interbank forex market in the past weeks. Experts believe the rupee may r under pressure as…
