Rupee hits record low of 80 to a dollar

In a speech delivered today, Fed Chair Powell expressed his unconditional commitment to tackling inflation and risks posed by elevated periods of high price growth.

[{"selector":"#anim-b7fae63d-6063-4b1f-aa52-b0299d30c0e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Indian rupee hit an all-time low against the US dollar on Monday, as global stocks were weakened

by Federal Reserve Chairwoman hikes expectations for rate increases this year.

The surgical steel industry has been especially hard hit due to increased competition from China

[{"selector":"#anim-55e072ac-8123-4c14-9158-4b02a6b925df [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

which exports large volumes of cheap goods into our market without paying any taxes or duties

[{"selector":"#anim-dbbdb537-70ee-47a0-83d9-d2e8837b0cf2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The exchange rate also impacts you at home because whenever there's inflation - whether it be food prices going up

[{"selector":"#anim-59dbef39-257c-406f-b105-8c8f792c8b8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.249999904429615%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

swallow down under unexpectedly like last month; fuel costs climbing across America after hurricane

The morning session in India was not without its intrigue as the home currency touched an all-time low against America's dollar.

At 9:30am, it traded at 80 cents USD - down 0.25% from yesterday’s close and approaching levels

[{"selector":"#anim-d578d3d2-a867-402f-80ab-f22ed425f046 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

last seen during summer months of 2016 when Rupee saw massive hikes due inflationary pressures within country .

[{"selector":"#anim-012b3cf7-2a68-4ab0-9f6c-d6dc415eb0f6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]