Rupee tumbles to 91.96 against the dollar amid outflows

The rupee took a tumble to 91.96 against the dollar on Friday, thanks to foreign outflows and importers craving dollars. With trade talks stalled, exporters are feeling jittery. The RBI is stepping in, but only a little. The rupee has dropped 7.05% this financial year, and it might just hit 93 if things don’t change soon!