Rupee breaches 90 as FPIs sell, DIIs buy
after close1 source ↓written by the desknot a recommendation
- per US dollar
- ₹90
- this year
- 5% decline
- worth of stocks
- ₹148,010 cr
- in December reached
- ₹4,335 cr
The Indian rupee has fallen to a record low of ₹90 per US dollar, marking a 5% decline this year, making it the worst-performing currency. Foreign portfolio investors (FPIs) have sold ₹148,010 cr worth of stocks, while domestic institutional investors (DIIs) continue to buy, raising questions about investment strategies. 📉
Key Points:
• FPI selling in December reached ₹4,335 cr
• DIIs support market indices with high SIP buying
• Market sentiment may shift as currency pressures persist.
Not investment advice. For informational purposes only.