Indian rupee’s fall against US dollar was in line with the fall of other major global currencies.
While there was outflow of funds from the markets and FIIs sold a net of Rs 276 crore from Indian equities on Thursday, experts say that importers rushed in to hedge their US dollar payments that are due.
Indian rupee did not find any support from the RBI.
The Indian rupee’s fall against US dollar was in line with the fall of other major global currencies.
Rupee breaches 63 per $ mark, closes at over three-month low
The rupee had also slipped on Tuesday in the early hours but regained the lost ground after FIIs invested a net of Rs 17,488 crore later in the day.
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