💨 Abstract

On Friday, the Indian rupee reached a record low against the U.S. dollar due to concerns over rising oil prices and foreign capital outflow from the country's equity markets. The rupee dropped to 83.9900 per dollar, surpassing its previous record low of 83.9850 set on Sept. This decline occurred despite a recovery to near 83.50 two weeks prior.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖