News Business Rupee posts biggest single-day fall in 6-1/2 months

Rupee posts biggest single-day fall in 6-1/2 months

New Delhi: The rupee posted its biggest single-day fall in six-and-half months on Wednesday as heavy dollar outflows from the domestic share and debt markets continued as foreign investors pared their holdings.Foreign funds have sold

rupee posts biggest single day fall in 6 1/2 months rupee posts biggest single day fall in 6 1/2 months
New Delhi: The rupee posted its biggest single-day fall in six-and-half months on Wednesday as heavy dollar outflows from the domestic share and debt markets continued as foreign investors pared their holdings.

Foreign funds have sold $363.48 million worth equities and $440.15 million worth of debt so far this month, bringing down total inflows so far this year to $25.60 billion.

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