Whalesbook
The Indian Rupee has hit a fresh all-time low, trading around 89.64 against the US Dollar. This sharp decline, falling from 88 in just a month, is attributed to strong US jobs data, which suggests the Federal Reserve might delay interest rate cuts. A strengthening dollar, weak Japanese yen, and significant foreign investor outflows from Indian equities are further pressuring the rupee, with analysts predicting further depreciation.