Rupee hit a fresh record low of 94.1550 against the US dollar on Friday, extending its losing streak amid persistent foreign institutional investor outflows and ongoing Middle East tensions. Despite supportive cues like falling crude oil prices and a weaker dollar, the currency continued its downward trend, reflecting a broader market sentiment of risk aversion. Rupee hit a fresh record low of 94.1550 against the US dollar on Friday, extending its losing streak amid persistent foreign institutional investor outflows and ongoing Middle East tensions. Despite supportive cues like falling crude oil prices and a weaker dollar, the currency continued its downward trend, reflecting a broader market sentiment of risk aversion.
