Indian rupee weakens to record low, hurt by persistent outflows, stronger dollar

By Yahoo! Finance   |   1 year ago
Indian rupee weakens to record low, hurt by persistent outflows, stronger dollar

The Indian rupee reached a new low due to a strong dollar, ongoing portfolio outflows, and geopolitical tensions. The Reserve Bank of India's intervention helped stabilize the currency. Foreign investors withdrawing funds added to the pressure on the rupee.

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