Rupee value plummets: Currency hits all-time low of 90.21 vs $; what’s driving crash

The Indian Rupee hit a historic low on Wednesday, crossing the 90-per-dollar mark for the first time. This decline was driven by foreign fund outflows, rising crude oil prices, and uncertainty surrounding the India-US trade deal. Market watchers noted a lack of Reserve Bank of India intervention for much of the session.
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