INSUBCONTINENT EXCLUSIVE:
INR Vs USD: Rupee has weakened by more than 12 per cent this year.
The rupee declined against US
dollar on Monday, despite measures announced by the central bank to support the currency
The rupee dipped by 36 paise to 72.84 against the US dollar, reported news agency Press Trust Of India (PTI)
The Reserve Bank of India (RBI) announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity in the system
Investors are now waiting for the outcome of a bi-monthly policy meet due later this week
In recent weeks, the rupee has taken a beating amid volatility in global markets and strengthening of the greenback overseas
The central bank has been taking various measures to shore up the rupee
