Rupee Hits Record Low 91.14 vs Dollar Amid FPI Selloffs & US-India Trade Deal Uncertainty

• Indian rupee hit a fresh record low of 91.14 against the US dollar.
• The depreciation is linked to FPI selloffs and uncertainties over the US-India trade deal.
• Foreign portfolio investors have net sold over $18 billion in local stocks this year.
• Experts predict the rupee could reach 92 this month.
• The Reserve Bank of India conducted a $5 billion buy-sell swap to manage liquidity.

Why It Matters: Rupee's record low impacts India's economy, trade, and personal finances.