Rupee falls to 89.93 against dollar amid foreign capital outflows
pre-market1 source ↓written by the desknot a recommendation
- Indian rupee weakened
- 22 paise
- against the US
- 89.93
- amid concerns
- 89.79
The Indian rupee weakened 22 paise to 89.93 against the US dollar as foreign investors withdrew significant capital. This decline follows a previous drop to 89.79 amid concerns over a widening current account deficit and uncertainty in India-US trade negotiations. The rupee's fall is compounded by rising corporate demand for dollars.
Market participants are closely monitoring these developments as they may impact overall market sentiment.
Not investment advice. For informational purposes only.