India’s rupee has fallen to record lows amid high oil prices, foreign portfolio outflows, widening trade deficit, and a strong US dollar. Structural pressures and geopolitical tensions are driving depreciation, raising concerns over inflation, CAD widening, and possible touch of 100/USD
The rupee weakened 23 paise to 89.94 against the US dollar in early trade amid foreign fund outflows, weak domestic equities and rising crude oil prices, with thin holiday volumes and trade deal uncertainty weighing on market sentiment
