Rupee Breaches 84 Against US Dollar Amid High Oil Prices and FII Outflows: Economic Concerns Deepen

India’s financial markets are facing a turbulent period as the rupee plunged past the 84 mark against the US dollar for the first time on October 11, 2024. This decline is driven by a combination of surging global crude oil prices and substantial Foreign Institutional Investor (FII) outflows from Indian equities. The rupee...