Mumbai, December 16: The Indian rupee slipped past the 91-per-dollar mark on Monday, reflecting pressure from sustained foreign capital outflows and a stronger US dollar. Market analysts said concerns over global liquidity conditions, rising crude prices, and portfolio investors pulling funds from emerging markets contributed to the decline.
Traders noted that the depreciation may impact import costs, inflation, and corporate earnings, particularly for companies with significant dollar-denominated obligations. The Reserve Bank of India (RBI) continues to monitor the currency market, while investors are advised to stay cautious amid ongoing volatility.
Leave a Reply