Indian rupee hits record low against US dollar as funds continue to flow out of Indian assets.

As funds continue to flow out of Indian assets, the rupee has fallen to a historic low against the dollar. The dollar rose 0.1% against the Indian rupee to 93.9837, surpassing the previous high of 93.9763. Foreign investors have withdrawn nearly $11 billion from the Indian stock market this month, and the outflow of funds from bonds that meet index inclusion criteria is also set to reach record levels for the month.