The Indian Rupee (INR) has faced mounting pressure against the US Dollar (USD), marking its seventh consecutive day of decline. On Thursday, the USD/INR currency pair surged to a record high of approximately 90.70 at market open. This significant movement highlights the ongoing struggles of the rupee, primarily driven by substantial foreign institutional investor (FII) withdrawals from Indian equities.
The persistent outflow of these foreign funds has intensified market volatility, prompting traders to closely monitor the exchange rate. As the rupee depreciates, concerns grow about the broader implications for India's economy and investment climate. With the USD/INR at such elevated levels, market participants will be analyzing potential interventions and shifts in policy to stabilize the currency and restore investor confidence.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 05:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.