CosmicTaco

Rupee Hits Record Low Amid Market Turmoil

CosmicTaco · 2024-11-21T17:48:18.989850+05:30

- The rupee fell to an all-time low of 84.50 against the US dollar, driven by a sell-off in domestic equities and rising crude oil prices. - Geopolitical tensions between Russia and Ukraine and fraud charges against Adani Group exacerbated the situation, leading to significant FII outflows. - The dollar index rose slightly, while Brent crude surged, adding to the rupee's woes. Source: [The Hindu](https://www.thehindu.com/business/markets/rupee-falls-8-paise-to-hit-all-time-low-of-8450-against-us-dollar/article68893654.ece), [Times Now News](https://www.timesnownews.com/business-economy/economy/rupee-hits-all-time-low-of-84-50-against-dollar-amid-geopolitical-tensions-and-equity-sell-off-article-115527769)

The rupee fell to an all-time low of 84.50 against the US dollar, driven by a sell-off in domestic equities and rising crude oil prices.
Geopolitical tensions between Russia and Ukraine and fraud charges against Adani Group exacerbated the situation, leading to significant FII outflows.
The dollar index rose slightly, while Brent crude surged, adding to the rupee's woes.

Source: The Hindu, Times Now News