Rupee closes at all-time low of 78.32 against US dollar, crude oil prices to play major role ahead
So far this month, up to June 23, FPI outflows stood at ₹43,831 crore in the equities market - the highest selloff by overseas investors so far in 2022.
Indian rupee settles at its all-time low on Thursday at 78.32 against the US dollar at the interbank forex market on the back of a strong greenback and consistent foreign funds outflows offsetting the impact of gains from domestic equities. As long as crude oil prices stay above $95 per barrel, the rupee is expected to be vulnerable.
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