Rupee drops to new low against dollar amid regulatory buzz and offshore flows
**MARKET BRIEF: Rupee Hits All-Time Low**
The Indian rupee fell to a record low of **91.97** against the US dollar on Friday. This decline was driven by a confluence of aggressive equity selling and strong demand from importers seeking greenbacks.
Market sentiment took a significant hit following reports of potential US regulatory summons issued to billionaire Gautam Adani. The allegations, which involve bribery and fraud, played a major role in accelerating the currency's retreat.
Capital outflows continue to weigh heavily on the market. Foreign investors have divested more than **$3 billion** from Indian assets this month, signaling persistent bearishness.