Indian Rupee Tests 91 Mark Against the Dollar | Vantage with Palki Sharma | N18G
This is an AI-generated summary and has not been vetted by the Firstpost editorial team
The Indian rupee has fallen for the fourth straight day, dipping below ₹91 to the U.S. dollar, marking a historic low. Traders blame rising demand for dollars as importers hedge against further weakness, while foreign investors have pulled out over $18 billion this year — the largest outflow on record. The Reserve Bank of India has intervened modestly so far, selling dollars to support the rupee, but markets expect a stronger response soon. Compounding the pressure are stalled trade talks with the U.S. and steep American tariffs on Indian exports. Finance Minister Nirmala Sitharaman insists India’s growth story remains strong, but risks persist.
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