Economy
Rupee Slips 3 Paise to 94.92 Against US Dollar Amid FII Outflows and Declining Stocks
The Hindu2h
THE BRIEF
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The Indian rupee fell 3 paise to provisionally close at 94.92 against the U.S. dollar on Monday, snapping its six-session winning streak.
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The currency was pressured by persistent foreign institutional investor outflows, elevated crude oil prices, and a sharp decline in domestic equity markets.
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Analysts note that while Reserve Bank of India measures help manage short-term movements, sustainable recovery depends on improving global fundamentals and lower oil prices.