<h1>Rupee depreciation to record lows amid FII outflows and stronger dollar, prompting calls for policy examination of capital flow risks</h1> Rupee depreciation to a record low of 92.02 against the US dollar is attributed to sustained foreign institutional investor outflows, a firmer US dollar index and commodity price movements; this has produced only marginal daily recovery, indicating continued exchange rate volatility. The report highlights macroeconomic consequences for domestic equities and trade costs, and notes the Economic Surveys prescription that investor reluctance to commit funds to India warrants examination despite controlled inflation and a favourable growth outlook, implying potential policy scrutiny of capital flow and currency stability measures.