# Indian rupee falls to hit 9-month low; foreign investors turn net sellers on stock markets - IBTimes India

> The rupee closed at 68.14 a dollar on November 18, a near nine-month low, after falling 32 paise. Foreign institutional investors were net sellers of Indian equities, while domestic investors bought. India's foreign exchange reserves fell $1.2 billion to $367 billion as of November 11.

- Date: 2016-11-18 · published 2016-11-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/74124-indian-rupee-falls-to-hit-9-month-low-foreign-investors-turn-net-sellers-on
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Falling reserves and a weaker currency tied to Fed rate-hike expectations raise the cost of dollar-priced imports. A reserve drawdown also limits the central bank's capacity to defend the rupee.

## Read by commodity

- USDINR: bullish ▲

## Sources

- ibtimes.co.in: https://www.ibtimes.co.in/indian-rupee-falls-hit-9-month-low-foreign-investors-turn-net-sellers-stock-markets-704626

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.