Indian Rupee Hits Record Low Against US Dollar Amid Market Pressure

• The Indian Rupee depreciated to an all-time low of 91.88 against the US dollar on Friday, touching 92 during intraday trading.
• Weak domestic equity markets, continuous foreign fund outflows, and rising crude oil prices contributed to the Rupee's decline.
• The Rupee lost 30 paise compared to its previous close, despite a brief recovery earlier in the week.
• FIIs sold equities worth Rs 2,549.80 crore, indicating sustained selling pressure on Indian markets.
• Experts suggest RBI intervention or a weaker dollar internationally could provide support, with USD-INR expected to trade between 91.60 and 92.30.

Why It Matters: The Indian Rupee plunged to a record low against the US dollar due to strong market pressures.