Indian Rupee fell to record low. (Photo: Pralhad Shinde/ NDTV Profit). Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Indian rupee hit a new record low against the US dollar, falling by 41 paise to trade at 88.73. This marks a significant depreciation from its previous close of 88.32 on Monday, reflecting continued pressure on the currency amid global and domestic economic factors.

Earlier, at the start of the trading session the domestic currency had fallen 18 paise to then low of 88.50.

Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP noted that "buying for FTSE outflows and FPIs took the pair to the higher side from a low of 88.1150. FPIs have been constant dollar buyers as they sold Rs 2,900 crores of shares yesterday an

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