The rupee lost 58 paise to a historic low of 86.31 against the US dollar, driven by strong US job data, rising crude oil prices at $80.91 per barrel, and continued foreign outflows of Rs 2,255 crore. With the Sensex down 550 points, negative domestic equity performance further weakened sentiment. Elevated US treasury yields and shrinking forex reserves at $634.6 billion add to concerns for Indian markets.
Rupee Hits Record Low of 86.62 Against USD
American one hundred dollar bill and Indian paper currency banknote a backgrounds.