Indian Rupee hits record low vs US dollar due to equity outflows and corporate dollar demand.

The Indian rupee hit a record low against the US dollar due to anticipated outflows and robust demand from local importers. This decline is part of a broader trend affecting emerging Asian currencies, with a stronger US dollar and a weaker Chinese yuan adding pressure. Despite India's strong economic growth, the rupee has remained around record lows, primarily due to equity outflows and corporate demand for dollars.