The Indian rupee fell below 84 per U.S. dollar for the first time due to rising oil prices, foreign equity outflows, and reduced hopes of a major U.S. rate cut. Despite RBI interventions, the rupee’s near-term outlook worsened, with Brent crude prices up over 10% in October.
Tech view: Nifty crucial support at 24,690, forms big red candle. How to trade tomorrow
If Nifty stays below 24,690, it may fall further to 24,500–24,400 levels. On the upside, immediate resistance is at 25,000, with the 21-day Exponential Moving