Rupee's Record Slide Undermines Indian Stock Market Recovery

• The Indian rupee's record low slide is threatening the recovery of the $5.2 trillion stock market.
• Global funds withdrew $1.6 billion from Indian equities in December, reversing prior inflows and impacting capital flow.
• The rupee, Asia's worst-performing currency this year, hit a new record low of 90.8250 per dollar.
• A weaker rupee benefits tech exporters but negatively impacts sectors like banking, energy, and infrastructure.
• Analysts warn that prolonged rupee weakness could undermine confidence in the nascent recovery of Indian stocks.

Why It Matters: Rupee's decline threatens Indian stock market recovery and investor returns.