The Indian Rupee (INR) experienced its seventh consecutive decline against the US Dollar (USD) on Thursday, with the USD/INR currency pair reaching a new all-time high of approximately 90.70 at market open. This downward trend highlights the INR's struggles, primarily driven by persistent foreign fund outflows from the Indian equity market, which have pressured the local currency.
As foreign institutional investors (FIIs) continue to reduce their stakes in Indian stocks, the exchange rate for USD/INR has intensified, reflecting broader market sentiments. This sustained weakness in the INR poses potential challenges for the Indian economy, raising concerns over inflation and import costs, while also affecting investor confidence in the region's financial markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.