The United States dollar rose further against the rupee in the inter-bank market, hitting a 2015 high of Rs 106.10 during the day’s trading on Wednesday.
The dollar rate in the inter-bank market is around Rs 105.5, up from the rate of Rs 105.25 at the close of trading on Tuesday.
Money market sources claim the government in talks with the International Monetary Fund in Dubai has been pressured to devalue the rupee.
In addition, exporters have also called for a devaluation of the rupee, they say.
Since the last week of August, when the dollar made sharp gains against the rupee, the inter-bank market was well under control of the central bank and the US currency was not allowed to cross Rs 104.50 despite higher demand.
