The Indian rupee weakened to an all-time low of 87.582 per dollar on persistent dollar demand and large-scale sales of local stocks by overseas investors. The currency faced additional pressure ahead of the monetary policy decision, with the Reserve Bank of India’s intervention only offering limited relief.
US Stock Market Today | Live: US stock futures climb as AI shares rally and crude prices ease
Warnings from executives at leading AI companies triggered a selloff last week, but concerns eased on Monday as investors focused on signs that spending on