neutral
Recently
Indian currency eases marginally as dollar demand persists
The rupee closed marginally lower against the US dollar as importer demand and global yield movements offset support from stronger domestic equity markets.
The rupee ended slightly weaker against the US dollar, closing at 89.70 after declining three paise during the session. Persistent dollar demand from importers and foreign banks weighed on the currency, while gains in domestic equities limited sharper losses. Movements in crude oil prices and US bond yields remained key factors influencing near-term direction for the Indian currency.