Rupee falls to new low of 91.58 against dollar
The rupee hit a new low of 91.58 against the dollar on Wednesday, driven by geopolitical tensions and triggered stop-loss purchases. Persistent negative equity flows and a weakening global risk sentiment are weighing heavily on the currency, with market interventions proving insufficient to reverse the trend.
The rupee hit a new low of 91.58 against the dollar on Wednesday, driven by geopolitical tensions and triggered stop-loss purchases. Persistent negative equity flows and a weakening global risk sentiment are weighing heavily on the currency, with market interventions proving insufficient to reverse the trend.
