Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows
Investing.com-- Most Asian currencies weakened slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after the results of the 2024 general elections showed the ruling BJP party did not sweep as expected.
Volatility in the rupee, and broader Indian markets, came after the results of the 2024 general elections showed the ruling BJP party did not sweep as expected. Instead, the party lost a substantial number of seats to the opposing Indian National Congress.
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