Indian rupee, dollar
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 Indian rupee is likely to inch up at the open on Wednesday on the back of a mild uptick in its Asian peers before U.S.
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The Indian rupee weakened to its lowest level on record on Monday, as worries about Donald Trump's victory in the U.S.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower at 105.98.
16hOpinion
The exchange rate is the most important price in a market economy. If India wants to become a high-income economy, the ...
Rupee hits lifetime low against dollar, expected to trade between 83.80 and 84.50, influenced by foreign fund outflows.
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