Indian Rupee Weakens to 85.64 Against US Dollar Amid Global Uncertainty

The Indian Rupee (INR) opened 0.36% lower at 85.64 per US dollar, compared to its previous close of 85.33, as global market volatility and dollar strength weighed on emerging market currencies. The decline follows a rebound in the dollar index, alongside rising crude oil prices and profit booking in domestic equities.

 

Key Highlights:

Market Sentiment:

Strategic Outlook:

The rupee is expected to trade within a range of 84.75 to 85.50, with strong resistance near 85.50 levels. Analysts recommend selling on upticks, while immediate support lies at 84.80–84.90.

 

Source: Business Standard, Moneycontrol, Economic Times.