Further slide in rupee may crimp company margins, increase risks3 min read . Updated: 04 Jul 2022, 06:08 AM IST
The rupee continued to remain under pressure in the past week. On Friday, it closed 6 paise lower at 79.04 against the dollar, hitting a new low. Year to date, the rupee has depreciated 5.95% against the dollar, and many brokerages expect it to weaken further in the near term.