💨 Abstract

The Indian rupee reached a record low of 85.97 against the US dollar on Friday, marking its tenth consecutive weekly loss, as the dollar remained strong ahead of U.S. employment data. The rupee's fall below the psychologically important 86 level is anticipated "sooner rather than later." Weak capital flows and the dollar's surge, driven by incoming U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖