💨 Abstract

On Thursday, the Indian rupee hit a record low of 84.3775 against the US dollar, due to outflows from local equities and expectations of a stronger dollar following Donald Trump's US presidential victory. The rupee's decline was driven by strong dollar demand from foreign banks and ongoing foreign investor outflows, which exceeded $1.5 billion in November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖