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India's rupee fell to a fresh record low, underperforming regional peers, as foreign investors accelerated sales of Indian stocks and bonds. Fears that elevated energy prices will drive up inflation and increase the country's import bill are fuelling the outflows.

India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and import bill.