Rupee gains 11 paise against US dollar
The rupee picked up 11 paise on Tuesday, ending at 88.66 per US dollar—recovering slightly from its all-time low last month.
This lift came as global oil prices dropped, a factor that typically benefits India's import costs.
Foreign investors pull out ₹1,900 crore from Indian stocks
A stronger rupee helps keep import and foreign debt costs in check—a relief with global money moving out of India.
Still, gains were limited because the US dollar stayed strong and foreign investors pulled nearly ₹1,900 crore from Indian stocks on Monday.
The stock market felt the pressure too, with both Sensex and Nifty falling.
India's manufacturing sector shows some strength
India's manufacturing sector is showing some muscle—October's PMI jumped to 59.2 thanks to tax reforms and better productivity.
But it's not all smooth sailing: export growth slowed down, reflecting challenges for India's economy right now.