The Indian rupee hit a record low of 92.63 against the US dollar on Wednesday, driven by high crude oil import costs and corporate demand for dollars. Despite RBI’s efforts to defend the 92.50 level, the rupee breached it following the release of oil premium data. Analysts anticipate further weakening if oil prices and geopolitical tensions persist.
7 investing lessons from Jim Leitner for building the right market mindset
Leitner believes investors should remain open to new ideas and recognise that markets can challenge even experienced participants.