Indian Rupee weakens as FII selling continues
pre-market1 source ↓written by the desknot a recommendation
- the USD/INR nearing
- 88.90
- in the last
- ₹5,617.75 cr
The Indian Rupee has fallen against the US Dollar, with the USD/INR nearing 88.90. Foreign Institutional Investors (FIIs) sold shares worth ₹5,617.75 cr in the last two trading days, contributing to the rupee's decline. This trend follows a rise in the US Dollar, supported by improved US-China trade relations and reduced Fed dovish speculation.
Not investment advice. For informational purposes only.