💨 Abstract

The Indian rupee hit a record low of 84.38 against the US dollar on Friday, marking its worst weekly decline since May. This was due to sustained outflows from local stocks, expectations of a stronger dollar following Donald Trump's US election win, and overseas investor pullouts of over $1.5 billion from Indian stocks in November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io