Rupee drops to all-time low on Asia FX volatility, outflows




The Indian rupee declined to a lifetime low on Wednesday, weighed down by nervousness in its Asian peers about the outcome of the U.S. elections and by persistent foreign outflows from domestic equities.

The rupee dipped to an all-time low of 84.0900 to the U.S. dollar, crawling past the previous low of 84.0850. It has hit new lows multiple times over the last two weeks.

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