Rupee weakens slightly amid persistent equity outflows

The rupee closed marginally weaker against the dollar as sustained equity outflows and thin year-end trading limited support.

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Rupee weakens slightly amid persistent equity outflows

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Rupee weakens slightly amid persistent equity outflows
The rupee closed marginally weaker against the dollar as sustained equity outflows and thin year-end trading limited support.
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.
Sentinel