Indian Rupee Plummets to Record Low Against U.S. Dollar Amid Massive FPI Outflows
Market Volatility Hits Currency Markets The Indian rupee experienced a historic decline on Wednesday, plunging 139 paise to settle at an all-time low of 94.90 against the U.S. dollar. This sharp devaluation, driven by a strengthening greenback and aggressive foreign portfolio investor (FPI) outflows, marks one of the most significant single-day drops for the local…