Rupee hits a new low at 84.50 against US dollar

Credit: IndiaTimes- Published on November 21, 2024
The Indian rupee plummeted to a new all-time low of 84.50 against the US dollar due to a massive sell-off in domestic equities, sustained foreign investment outflows, and surging crude oil prices. The US dollar strengthened as a safe haven currency amidst escalating Russia-Ukraine tensions. The rupee's decline was further fueled...

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