💨 Abstract

The Indian rupee recovered from its all-time low of 84.46 against the US dollar on Monday, gaining 4 paise to settle at 84.42. This recovery was aided by reduced foreign funds selling activity and a retreating American currency. However, the rupee's upward movement was capped due to ongoing foreign fund withdrawal, lackluster domestic equity market sentiment, and rising crude oil prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖