neutral
Recently
Rupee rally may slow as Asian FX weakens and risk-off tone returns
Rupee’s recent rally likely to cool amid weaker regional FX and cautious global sentiment.
India’s rupee, which had risen over 1% in recent sessions due to RBI intervention, is expected to stall amid broader Asian currency weakness and growing global risk aversion. The rupee closed at 87.82 per dollar, and forecasts suggest an open near 87.90–87.96. Importers and flow dynamics will likely dictate further moves, as U.S. credit concerns and slowing equity markets pressure appetite for emerging market currencies.