Indian Rupee hits record low over Dollar rally, equity outflows
The Indian Rupee hit a historic low today, largely owing to the US Dollar's rally and expected outflows from domestic equities. The INR fell to an all-time low of 84.4125 against USD before settling at 84.3925, the same as its closing number in the previous session. This is the fifth straight session that the currency has hit record lows.
The rupee fell 1 paisa to a new lifetime low of 84.39 (provisional) against the US dollar on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas ...
Rupee tumbles to a new low of 84.40 against the dollar as persistent foreign fund outflows and strong US currency weigh on ...
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The Indian central bank was likely selling dollars to support the rupee after the local currency hit its all-time low on ...
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