When there are outflows, the rupee tends to weaken. Additionally, most Asian currencies are depreciating against the dollar. When comparing the Indian rupee to the top 10 or 15 currencies globally, it is performing better than average, though it has still depreciated. These global factors and FPI outflows are contributing to the rupee’s weakness.
D-St soars on wings of peace and chances of an oil windfall
Indian markets surged on Wednesday, reversing Tuesday’s losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon’s arrival. Key sectors like