Rupee hits record low near 96 vs USD

Rupee hits record closing low near 96 against the dollar. The sharp depreciation raises concerns over import costs and inflation pressures. A weaker rupee may impact corporate earnings, especially for companies with high dollar-denominated debt. RBI may face pressure to intervene or adjust monetary policy.

📊 STOCKS: | 🏢 SECTOR: Macro | #HIGHIMPACT #Rupee