USD/INR Holds Steady Near 88.73 on Renewed Foreign Portfolio Inflows

The Indian rupee held steady against the U.S. dollar, supported by renewed foreign portfolio inflows and declining crude oil prices that eased import-related pressure. Traders said steady capital inflows and the RBI’s calibrated intervention helped maintain currency stability despite global volatility. Analysts expect the rupee to remain range-bound, aided by improving macro fundamentals and a softer oil demand outlook, which continue to strengthen India’s external balance position.