Indian Rupee Hits All-Time Low Against the Dollar
Monday, 5 August 2024, 06:03
Indian Rupee Hits All-Time Low
The Indian rupee has reached a record low against the US dollar, reflecting significant market turmoil in recent weeks. Key factors contributing to this decline include increasing global uncertainties and sudden sell-offs by foreign investors.
Foreign Institutional Investors' Impact
- Foreign Institutional Investors (FIIs) have pulled out shares worth ₹3,310 crore.
- This sell-off has intensified fears regarding investment stability in emerging markets.
Conclusion
As the Indian currency continues to struggle amidst these challenges, market participants must remain vigilant and adapt their strategies accordingly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.