💨 Abstract

On January 10, the Indian rupee reached an all-time low of 86.04 against the US dollar due to a stronger US currency, foreign fund outflows, rising crude oil prices, and negative sentiment in domestic equity markets. The dollar strengthened in anticipation of restrictive trade measures by the new US administration, and foreign institutional investors (FIIs) offloaded Rs 2,254.68 crore in the capital markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖