💨 Abstract

The Indian rupee hit an all-time low on Monday, influenced by a fall in most Asian currencies and strong demand for dollars from foreign banks. The rupee ended the day at 84.06 after dipping to 84.0750, and overseas investors sold $8 billion in Indian stocks over the last 10 trading sessions. Asian currencies were generally weak, with the offshore Chinese yuan down 0.3%.

Courtesy: theprint.in