Equity Outflows & Oil Prices Weigh On Rupee
Edited By WION Video Desk
Published: Oct 13, 2024, 05:10 IST | Updated: Oct 13, 2024, 05:10 IST
The Indian rupee hit a record low, falling past 84 against the U.S. dollar for the first time ever on Friday. This decline is attributed to foreign outflows from stocks and bonds, coupled with a less hawkish stance from the central bank, which has increased pressure on the currency.
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