Rupee slides to record low of 91.08 amid FII outflows, FDI repatriation

The Indian rupee hit an all-time low of 91.08 against the US dollar, driven by significant foreign investor outflows and FDI repatriation. Experts suggest the rapid depreciation is partly speculative, with the currency expected to slow its decline as its Real Effective Exchange Rate makes it more competitive internationally.

from Economic Times https://ift.tt/IVtnyPz