Rupee weakens to 88.67 against dollar amid market pressure
pre-market1 source ↓written by the desknot a recommendation
- rupee weakened
- 8 paise
- against the US
- ₹88.67
- on Monday
- ₹442.17 cr
- India's exports fell
- 11.8%
The Indian rupee weakened by 8 paise to ₹88.67 against the US dollar, reflecting ongoing selling pressure in the equity market. Foreign institutional investors purchased equities worth ₹442.17 cr on Monday. However, India's exports fell 11.8% to USD 34.38 billion in October, contributing to a record trade deficit of USD 41.68 billion due to rising gold imports.
Not investment advice. For informational purposes only.