Indian Rupee Slips to 90.9725 vs USD: Mild Weakness Amid Equity Sell-Off

Currency Snapshot
The Rupee traded in a narrow range, reflecting cautious sentiment post-Nifty plunge. Dollar strength from US tariff talks pressured Asian currencies, though softer oil aided INR slightly. Forward premiums dipped amid importer demand.

Key Highlights
Spot Rate: USD/INR at 90.9725 (+0.07% or +0.0675); intraday high 90.98, low 90.89.
Market Drivers: FII outflows amid weak equities; elevated US yields; US trade policy uncertainty under President Trump.
Technical Levels: Support at 90.95-91.00; resistance 90.80; 1-month avg ~91.0.
Crosses: EUR/INR ~97.50, GBP/INR ~114.20; JPY/INR steady at 0.6020.
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Forward Outlook
RBI likely to defend 91 psychologically; watch US data and oil for cues. Analysts see INR range-bound 90.80-91.20 short-term.
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Sources: MarketScreener, AlanChand, Trading Economics, BookMyForex.