Context:
The Indian rupee fell an all-time low of 84.93 per US dollar, per mid-session on Tuesday.
Factors Affecting:
- Reasons:
- trade deficit, unreported gold imports, and outflow from local equities.
- However, most of the times, pressure was on the currency from the bolstering dollar index of the US and increasing US bond yields.
- Foreign portfolio investors are selling domestic equities at â‚ą64,098.8 crores.
- India’s cumulative foreign merchandise trade deficit for the month hit an all-time high of $37.84 billion.
