The Indian rupee and other regional currencies weakened on Tuesday due to a stronger US dollar, declining Asian equities, and month-end dollar payments from importers. The rupee ended the day at 85.33 against the US dollar, marking a 0.3 per cent decrease. The South Asian currency has been volatile, fluctuating from a low of 86 last week to a high of 84.78 on Monday before giving up those gains due to a stronger dollar. The rupee's implied volatility for the near term has increased, with the spot-week gauge surpassing 6 per cent, compared to the year-to-date average of approximately 4.5 per cent. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
