Indian rupee weakens to record low, hurt by persistent outflows, stronger dollar

By Yahoo! Finance | Nov 21, 2024 at 10:56 PM EST

The Indian rupee reached a new low due to a strong dollar, ongoing portfolio outflows, and geopolitical tensions. The Reserve Bank of India's intervention helped stabilize the currency. Foreign investors withdrawing funds added to the pressure on the rupee.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.