Rupee slips to record low, pressured by slide in local equities
The Indian rupee hit an all-time low of 84.1050 against the dollar on Monday due to persistent outflows from local stocks. The BSE Sensex and Nifty 50 indexes fell over 1.5% amid possible overseas investor selling and caution before the U.S. presidential election outcome. Asian currencies were mainly higher, while the dollar index dipped.
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