Indian currency weakens further as intraday levels cross 89.5 per dollar

The rupee slipped to a fresh intraday low after breaching the 89.5 per dollar level, reflecting persistent external pressures and cautious market sentiment. The decline highlights the impact of strong US economic data, elevated Treasury yields, and sustained dollar demand from importers. Traders are monitoring forthcoming macro indicators and policy signals to assess whether volatility may continue as global conditions and capital flows remain uncertain.