Nifty 50 nears record high amid rupee's all-time low
pre-market1 source ↓written by the desknot a recommendation
- against the U.S
- ₹89.49
- portfolio outflows
- 0.9%
- suggests potential RBI
- ₹89.1625
The Nifty 50 is just over 100 points from its record high, despite the Indian rupee hitting a historic low of ₹89.49 against the U.S. dollar. This volatility, driven by 0.9% portfolio outflows and uncertainty over trade agreements, places the market at a critical juncture. A partial rebound to ₹89.1625 suggests potential RBI intervention may stabilize the currency.
Not investment advice. For informational purposes only.