Indian Rupee Hits Record Low as Wall Street Eyes The 100 Mark
BeInCrypto
The Indian rupee hit a record low of 96.9 per dollar, with experts warning it could reach 100 due to global economic pressures.Summary
The Indian rupee has fallen to a record low of 96.9 against the US dollar amid rising crude oil prices and ongoing geopolitical instability from the US-Iran conflict. Analysts from firms like Gamma Asset Management warn that the currency could reach the psychological threshold of 100 per dollar. With over $22 billion in foreign capital withdrawn from Indian stocks this year, the government is considering further capital controls following previous efforts to limit dollar outflows.
(Source：BeInCrypto)