Weak rupee impacts sectors on D-Street
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹96.25
- in FPI outflows
- ₹2.62 lakh crore
The Indian rupee fell to a record low of ₹96.25 against the US dollar, driven by ₹2.62 lakh crore in FPI outflows and rising crude oil prices. This decline is creating a divide among sectors: pharma is benefiting from the weaker currency, while airlines and oil-linked sectors face increased pressure. The market sentiment remains cautious as geopolitical tensions persist.
Not investment advice. For informational purposes only.