💨 Abstract

The Indian rupee fell to an all-time low of 84.10 against the US dollar on October 11, due to weak domestic equities, foreign capital outflows, and volatile situations in the Middle East that may keep oil prices high. The rupee is expected to move towards 84.25 in the short term. The dollar index and Brent crude also saw a decline, while the domestic equity market experienced losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖