Indian rupee hits all-time low on global economic growth fears

The Indian rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday. Further, the rupee slipped on surge in crude oil prices.

Foreign institutional investors were net sellers in the capital market on Friday, as they offloaded shares worth Rs 5,517.08 crore, as per stock exchange data. 

So far this year, foreign institutions have withdrawn a total of nearly $19 billion from domestic equities and debt markets.

Comments