Indian rupee likely to open weaker amid foreign outflows and risk-off mood

Ahead of today’s trade, the Indian rupee is expected to open slightly weaker against the U.S. dollar as sustained foreign equity outflows and a regional shift toward risk-off sentiment increase pressure. Forward-market data suggest opening near ₹88.60–₹88.66 per dollar. Dealers note that while the Reserve Bank of India has recently intervened around ₹88.80, broader Asian currency weakness and robust dollar strength hold the rupee vulnerable. Import-dollar demand and oil-import cost concerns also add to stress. Traders will closely watch RBI commentary and global cues for directional clarity.