Indian Rupee Slips Past 86 Against US Dollar Amid Foreign Fund Outflows

The Indian Rupee (INR) weakened past 86.00 against the US Dollar, marking a 0.48% decline on the day, as foreign institutional investors (FIIs) continued to offload equities, impacting market sentiment. Despite support from domestic stock market gains and softer crude oil prices, the rupee struggled to maintain stability.

 

Rupee Falls to 85.86 Against USD:

Foreign Fund Outflows & RBI Intervention:

Global Market Trends & Oil Prices:

RBI Policy Outlook & Rate Cut Speculation:

Stock Market Reaction:

The BSE Sensex climbed 230.17 points to 80,967.68, while the Nifty rose 70.25 points to 24,612.75, reflecting positive domestic equity trends.

 

The rupee’s decline past 86.00 underscores global economic uncertainties, with foreign fund outflows and RBI policy decisions shaping its trajectory.

 

Source: The Hindu Business Line, Rediff Money, and MSN.