Rupee opens at 91.07 against US dollar; slips 0.05% from previous close
The Indian rupee hit a new record low against the US dollar on Wednesday, continuing its downward trend. This persistent decline is attributed to ongoing foreign fund outflows and lingering uncertainty surrounding India-US trade talks. Despite a weaker dollar and falling oil prices, the rupee has struggled, marking its worst performance among global currencies this year.
The Indian rupee hit a new record low against the US dollar on Wednesday, continuing its downward trend. This persistent decline is attributed to ongoing foreign fund outflows and lingering uncertainty surrounding India-US trade talks. Despite a weaker dollar and falling oil prices, the rupee has struggled, marking its worst performance among global currencies this year.
