The Indian rupee weakened to 84.40 against the US dollar due to foreign fund outflows and strong dollar demand. Rising inflation and the RBI's intervention efforts, which have impacted forex reserves,

Forex traders said the downward pressure on the USD/INR pair is largely driven by persistent inflation and significant foreign outflows.

Declining for the fourth straight session, the rupee dropped 2 paise to hit a new lifetime low of 84.39 (provisional) against the U.S. dollar on Monday (November 11, 2024), weighed down by persistent foreign fund outflows and a muted trend in domestic equities.

The rupee declined 6 paise to close at a fresh lifetime low of 84.37 (provisional) against the US dollar on Thursday, as weak domestic equities and sustained foreign fund outflows dented market sentiment.

At the interbank foreign exchange, the rupee opened at 84.32 against the greenback, then it fell further to an all-time low of 84.37, registering a rise of 5 paise over its previous close.

The Indian Rupee hit a record low against the US dollar, closing at 84.40 due to foreign investor withdrawals and a strong dollar. Despite some relief from falling crude and gold prices, the rupee is expected to remain under pressure.

Mumbai: The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strength of the American currency in

The Indian rupee touched its all-time low on Tuesday, pressured by the dollar's rise to a more than four-month peak and on likely outflows from local equities. The rupee hit a low of 84.4125 before ending at 84.

The Indian Rupee hit a new all-time low of 84.40 against the US dollar due to foreign fund outflows and a strong US currency. Despite the RBI's efforts to stabilize the rupee, factors like weak Q2 earnings and overvalued Indian stocks have led to significant foreign investment withdrawals.