Rupee Holds Steady as Dollar Dynamics and FII Outflows Keep Markets on Edge

The Indian rupee traded in a narrow range against the US dollar in early trade on Monday, February 17, 2025. Opening at 86.76 per dollar, the rupee showed minimal movement as traders weighed conflicting factors. While recent dollar weakness provided some support, persistent foreign fund outflows continued to pressure the local currency. The rupee's stability comes amid heightened global attention on potential US trade tariffs and their impact on currency markets. Analysts expect the rupee to remain range-bound in the near term, with movements largely dictated by dollar trajectory and foreign investment flows.

 

Sources: CNBC TV18, Reuters, YCharts