Sectorally, selling pressure was seen in metals, banks, IT, oil & gas, and energy stocks while some buying was visible in consumer durables, auto, and telecom stocks. The Indian rupee on Friday hit a fresh record low of 82.22 against the US dollar
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows