India's rupee weakens to 84.83 against the dollar due to various economic pressures.

The Indian rupee weakened to 84.83 against the US dollar due to sluggish domestic equities and rising crude oil prices. Despite the Reserve Bank of India's efforts to stabilize the currency through liquidity management and buy-sell swaps, the rupee faces persistent pressure from dollar demand. Foreign Institutional Investors (FIIs) turning net buyers in December could provide stability. India's foreign exchange reserves fell by $3.235 billion to $654.857 billion.

3 months ago
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