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Economy

Indian rupee slips further, hits new low of 90.43 against US dollar

The Indian rupee has fallen to a new low of 90.43 against the US dollar, primarily due to delays in the India-US trade deal and ongoing outflows from foreign portfolio investors. This decline highlights the challenges facing the Indian currency in the current economic climate.

Indian Rupee falls to a new low. Representative Image

Indian Rupee falls to a new low. Representative Image

Credit: Firstpost

Key Highlights

  • The Indian rupee reached a new low of 90.43 against the US dollar.
  • Key factors contributing to the decline include a delay in the India-US trade deal.
  • There are continued outflows from foreign portfolio investors from the domestic equity market.
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Sources

  1. Indian rupee slips further, hits new low of 90.43 against US dollar

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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