Mumbai, Oct. 9 -- Indian Rupee is off to a lax start today, lingering near record low as local equities are witnessing flat moves. The US dollar index is holding around two-month high, keeping the overall undertone tepid for the INR. INR is currently quoting at 88.78 per US dollar, down 2 paise on the day. Rupee has been under pressure in recent months amid sustained selling in local stocks from overseas investors. The Foreign Institutional Investors (FIIs) have pulled out around Rs 2 lakh crore from Indian equities in 2025 so far, with September alone witnessing outflows worth Rs 27,163 crore. This has weighed on INR despite steady cues on the economic front. On the NSE, USD/INR futures are quoting flat at 89.24 right now after briefly f...
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