The Indian rupee opened at 90.56 per US dollar, little changed from its previous close of 90.5775. The currency remains under pressure due to global dollar strength, foreign portfolio outflows, and stalled India–US trade talks, raising concerns about further depreciation and market volatility.
The Indian rupee opened at 90.56 per US dollar, holding close to its previous close of 90.5775, reflecting persistent weakness in the currency.
Key Highlights
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Near Record Low: The rupee’s current level hovers near its all-time low, underscoring ongoing market stress.
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Global Dollar Strength: A stronger US dollar continues to weigh heavily on emerging market currencies, including the rupee.
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Foreign Outflows: Portfolio outflows from Indian markets have added pressure, reducing investor confidence.
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Trade Uncertainty: The absence of progress in India–US trade negotiations has further dampened sentiment.
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RBI Watch: Market participants are closely monitoring the Reserve Bank of India’s policy stance for potential intervention.
Analysts caution that without a breakthrough in trade talks or stabilization in foreign flows, the rupee could face additional downside risks. The situation highlights the delicate balance between global economic forces and domestic resilience, with implications for import costs, inflation, and overall market sentiment.
Sources: Reuters, Hindustan Times Business, India Today