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According to the report from Vantage that the Indian Rupee just recorded its sharpest single-day drop in nearly two months, closing at 83.9225 against the US Dollar. Dollar demand from importers and foreign banks, along with heavy foreign investor sell-offs, have weighed heavily on the currency.
The rapport added that with overseas investors pulling over $2.5 billion from Indian stocks, concerns are rising about market stability. Traders are now closely watching the Federal Reserve's latest meeting minutes and US payroll data.
This happens not only in India even in other countries when US dolars overrules , the nation's currency gets weakened is a problem if cannot be solved right away
Watch the full coverage of the report via the YouTube link, reported by Palki Sharma of Vantage.
The rapport added that with overseas investors pulling over $2.5 billion from Indian stocks, concerns are rising about market stability. Traders are now closely watching the Federal Reserve's latest meeting minutes and US payroll data.
This happens not only in India even in other countries when US dolars overrules , the nation's currency gets weakened is a problem if cannot be solved right away
Watch the full coverage of the report via the YouTube link, reported by Palki Sharma of Vantage.
