Rupee weakens on foreign fund outflows and dovish RBI stance
pre-market1 source ↓written by the desknot a recommendation
- for today
- 90.02-90.56
The rupee weakened due to continuous foreign fund outflows and a dovish monetary policy from the RBI. Governor Malhotra emphasized that the central bank does not target specific rupee levels, allowing market forces to dictate its value. The USDINR trading range for today is 90.02-90.56.
This decline may impact investor sentiment and trading strategies in the currency market.
Not investment advice. For informational purposes only.