Tag: FPI outflow
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Indian Rupee Hits Record Low Against US Dollar of 84.13
The Indian rupee hit an all-time low of 84.13 against the US dollar on Tuesday as foreign portfolio investors selling pressure on domestic stocks continued unabated. Although it briefly bounced back to 84.10 by the closing bell due to apparent intervention by the Reserve Bank of India the tremendous sell-off by foreign investors rages on. ...