Rupee slumps: What the currency’s fall beyond 90 per dollar means for investors
The Indian rupee has breached Rs 90 against the US dollar for the first time, driven by weak capital flows, importer demand, and trade deal uncertainty. This decline has impacted equity markets, prompting foreign investor selling despite strong domestic fundamentals. Analysts warn of further depreciation if the rupee sustains above this psychological barrier.
The Indian rupee has breached Rs 90 against the US dollar for the first time, driven by weak capital flows, importer demand, and trade deal uncertainty. This decline has impacted equity markets, prompting foreign investor selling despite strong domestic fundamentals. Analysts warn of further depreciation if the rupee sustains above this psychological barrier.
