The Indian rupee came under renewed pressure in the latest session, touching its weakest level in around 1 month as foreign investors continued to pull money out of domestic markets. The decline highlights the combined impact of overseas fund selling and a strong global dollar, which have weighed heavily on the local currency.
Persistent foreign outflows from Indian equities have added to the downward momentum. At the same time, restrained intervention by the central bank has offered limited relief, leaving the rupee more exposed to shifts in global currency movements and external market volatility.
Traders noted that the strength of the US dollar in international markets has reduced the appeal of emerging market currencies, including the rupee. Amid these conditions, the currency slipped to a 1-month low before staging a mild recovery later in the trading session.
Overall market sentiment remains cautious. Investors are closely tracking global developments and capital flow patterns, which continue to influence currency trends. If foreign outflows persist and global risk appetite remains weak, the rupee could stay under pressure in the near term, particularly if the dollar continues to trade firm.
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