Rupee breaches 91 mark against dollar amid foreign outflows
after close1 source ↓written by the desknot a recommendation
- against the US
- 91.14
- from the previous
- 36 paise
- over the last
- 1%
The Indian rupee fell to 91.14 against the US dollar, down 36 paise from the previous close, marking a cumulative loss of nearly 1% over the last five sessions. This depreciation is driven by sustained foreign fund outflows and global risk aversion.
For startups and MSMEs, a weaker rupee threatens cost structures, particularly for import-dependent sectors like electronics, which will face increased costs for components sourced from abroad. 📉
Not investment advice. For informational purposes only.