neutral
Recently
Rupee weakens sharply as dollar demand drives late-session pressure
The rupee closed 16 paise lower at 89.
The Indian rupee declined sharply to close at 89.79 against the U.S. dollar, falling 16 paise amid strong dollar demand from oil importers and corporates. The local currency remained under pressure despite stable Asian peers, as persistent outflows and higher U.S. yields weighed on sentiment. Traders also stayed cautious ahead of global macro data and year-end positioning.