💨 Abstract

The Indian rupee depreciated 11 paise to a record low of 85.75 against the US dollar on Thursday due to strong dollar demand from importers, foreign fund outflows, and low global market volumes during the holiday season. The rupee's downward trend is expected to continue as the US dollar remains strong and foreign institutional investors (FIIs) continue to withdraw funds.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖