Indian rupee set for worst annual fall in three years amid equity outflows

MUMBAI The Indian ‍rupee is poisedfor its largest annual fall in three years, weighed down byrecord equity outflows and ​the lack of a U.S. trade deal thatleft it out of the ‌rally across Asia, with prospects for arecovery tied to the trade pact.The ​rupee was quoting at 89.8650 per U.S. dollar at10 a.m. IST on Wednesday, marking a 4.74% decline for the year,its worst showing since 2022 when it dropped nearly 10%.The currency repeatedly fell to record lows during the year,slipping past the 91 level at one p ...