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Rupee weakens sharply to fresh intraday record low
The rupee hit a record intraday low as dollar strength, foreign fund outflows, and risk aversion weighed on the Indian currency.
The Indian rupee slumped 61 paise to a fresh intraday record low against the US dollar amid sustained foreign fund outflows and rising global risk aversion. Traders cited strong dollar demand, higher crude prices, and cautious sentiment. Analysts expect continued volatility as markets track global monetary policy signals, capital flows, inflation trends, and domestic macroeconomic indicators closely during upcoming trading sessions ahead this quarter period.