Indian rupee weakens as outflows persist; state banks support
pre-market1 source ↓written by the desknot a recommendation
- per U.S
- ₹89.27
- ₹89.22
The Indian rupee closed at ₹89.27 per U.S. dollar, down from ₹89.22, amid ongoing portfolio outflows and strong hedging demand from importers. State-run banks' dollar sales helped mitigate a sharper decline. Despite rising equity markets, the rupee remains under pressure as traders continue to buy dips in USD/INR.
Not investment advice. For informational purposes only.