Analysts attribute the weakness in the rupee and domestic equities to persistent foreign investment outflows from equity markets, a widening current account deficit, and limited RBI intervention

xJust days after India cheered for the robust economic growth recorded in the July-September quarter, the Indian rupee plunged to a historic low of over 90 per US dollar, giving a reality check to policymakers.

The Indian currency slipped to an all-time low of Rs 90.28 per dollar on December 3, registering a 5.3 per cent year-to-date (YTD) drop. This is the sharpest annual decline since 2022, making the Indian rupee the worst-performing currency in Asia so far this year. Analysts attribute the weakness in the rupee and domestic equities to persistent foreign investment outflows from equity market

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