Financial services witnessed the highest outflows from foreign investors who sold shares worth ₹7,536 crore in the sector, after selling over ₹30,000 crore in January on concerns over increasing cost of funding and rise in operating costs. Last year, the sector had received robust inflows worth ₹52,900 crore.
Rupee hits new record low against US dollar on RBI rate cut hopes
The Indian rupee weakened to a record low of 87.487 per dollar on Wednesday, before closing at 87.465 per dollar, down 40 paisa from its
February 6, 2025