Rupee weakens slightly amid persistent equity outflows

The Indian rupee ended marginally lower against the US dollar as continued equity market outflows weighed on sentiment. The currency closed at 89.95 per dollar compared with the previous session’s 89.85. Trading activity remained subdued due to thin year-end volumes, while the absence of fresh domestic triggers limited any meaningful recovery in the currency market.

Indian equity benchmarks closed lower amid continued foreign portfolio investor outflows and thin year-end trading volumes. The Sensex fell 346 points to settle at 84,696, while the Nifty slipped below the 25,950 mark. Large-cap stocks such as HCL Technologies and Adani Ports declined over 2%, reflecting cautious positioning as investors avoided fresh bets in the absence of near-term market triggers.