💨 Abstract

The Indian rupee hit an all-time low for the seventh consecutive day on Thursday, losing 1.74% since the start of October. This is due to a wider trade deficit, anaemic capital flows, and the strong U.S. dollar. The dollar's rally since Donald Trump's election win and the Federal Reserve's expectation of fewer rate cuts next year are also contributing factors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖