💨 Abstract

The Indian rupee resumed its decline on Monday due to expected equity outflows and corporate hedging. The rupee fell to 86.3675 against the U.S. dollar, following a 0.5% recovery last week. The further decline in Indian equities and persistent equity outflows suggest that rallies in the rupee will be short-lived.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖