Indian Rupee declines as FIIs sell off equities
after close1 source ↓written by the desknot a recommendation
- pair is near
- 90.20
- intervention
- $10 billion swap
The Indian Rupee weakened against the US Dollar as FIIs sold ₹22,109.51 cr worth of shares in December, net selling in 14 of 17 trading days. The USD/INR pair is near 90.20, facing pressure despite RBI's intervention through a $10 billion swap. Traders remain cautious amid ongoing selling by foreign investors.
Not investment advice. For informational purposes only.