The rupee fell past the 90 mark against USD, hitting a record low on Wednesday, December 3, raising concerns over higher foreign equity outflow before entering 2026.

The rupee effect was also felt in stock exchanges Nifty and Sensex that turned stressed after posting fresh highs. Surprisingly, this comes after Nomura gave a big vote of confidence to Nifty, projecting 29,300 level by 2026, which indicates a positive outlook in the upcoming period for India.

On the other hand, the foreign portfolio investor (FPI) outflows in CY 2025 now stands at Rs 1,48,010 crore. Meanwhile, the foreign outflow recorded upto December 2 stood at Rs 4,335 crore as against Rs 3,765 crore, which tallies upto the net November outflows, as per NSDL data.

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