Mumbai: The rupee marked a new intraday low of 84.08 versus the US dollar on Monday as foreign outflows from equities exerted pressure on the local currency, although likely interventions by the Reserve Bank of India contained volatility in the exchange rate, dealers said.The rupee closed at 84.06 to the dollar, flat versus the previous close, LSEG data showed. The rupee weakened past the psychologically significant 84/$1 mark for the first time on Friday as several unfavourable global factors including a recent rise in crude oil prices, a stronger US dollar and risk aversion sparked by the war in West Asia pushed the domestic currency past the key level.

FPIs have turned large net sellers of India stocks in October, snapping four straight months of net purchases, NSDL data showed. They have net sold $7.5 billion worth of domestic stocks as of October 14.


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