Aug 02, 2022

Fatal fall: Rupee slips to new lows as FPIs continue to sell stocks, bonds

Continuing forex outflows from the stock and bond markets and a strengthening dollar sent the rupee to new lifetime lows on Thursday. The Indian currency closed at 74.98 against the greenback, 76 paise lower than Wednesday’s close. During the day, it fell to levels of 75.31 against the dollar, Bloomberg data showed.

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