Rupee ends at record low of 91.99 against dollar amid foreign outflows, global risk aversion – The Times of India

Rupee ends at record low of 91.99 against dollar amid foreign outflows, global risk aversion – The Times of India

The rupee settled at its all-time closing low of 91.99 against the US dollar on Wednesday, weighed down by persistent foreign fund selling and risk-off sentiment in global markets, even as softer crude prices and a weaker dollar offered limited relief, PTI reported. At the interbank foreign exchange, the domestic unit opened at 91.95 and…

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FPI outflows resume in November: Rs 3,765 crore offloaded; global risk-off cues and high domestic valuations hit sentiment – The Times of India

FPI outflows resume in November: Rs 3,765 crore offloaded; global risk-off cues and high domestic valuations hit sentiment – The Times of India

Foreign investors withdrew a net Rs 3,765 crore from Indian equities in November following October’s brief respite, influenced by global risk-off sentiment, instability in global technology stocks and a preference for primary over secondary markets.This November decline followed October’s net inflow of Rs 14,610 crore, which had interrupted three consecutive months of outflows — Rs…

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