💨 Abstract

The Indian rupee dropped to a new lifetime low of 84.37 against the US dollar on Friday due to foreign fund outflows, muted domestic equities, and the US Federal Reserve's interest rate cut. Analysts expect volatility in the rupee's trajectory due to Trump's tax and trade policies. In the domestic equity market, the BSE Sensex and Nifty also fell.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖