Top headlines: Rupee heading for all-time low, food inflation set to worsen

Business Standard brings you the top headlines this morning.

Rupee heading for its all-time low, likely to hit 77/$ level: Poll

Posting its worst weekly loss in 11 months, the rupee on Friday breached the 76/$ level despite heavy dollar selling by state-run banks on behalf of the Reserve Bank of India, slowing the pace of depreciation. The currency weakened 1.15 per cent against the dollar this week. Dealers estimated the central bank’s intervention on Friday to the tune of $1-1.5 billion. Read more

Exporters bear the brunt as Russia-Ukraine crisis takes its toll

Amid growing uncertainty due to the ongoing conflict between Russia