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The Economic Times

Top News / The Economic Times

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Rupee sinks to two-month low amid FPI selling and rising US yields

On Thursday, the Indian rupee declined to a two-month low against the US dollar due to foreign portfolio outflows. Overseas investors sold off investments amid rising US bond yields and dollar demand. The rupee surpassed the 96-level twice in three days, indicating intense market pressure. Custodian banks continued purchasing dollars, which also pointed to ongoing foreign outflows.

1 Oct 2026 5:23 pm