When there are outflows, the rupee tends to weaken. Additionally, most Asian currencies are depreciating against the dollar. When comparing the Indian rupee to the top 10 or 15 currencies globally, it is performing better than average, though it has still depreciated. These global factors and FPI outflows are contributing to the rupee’s weakness.
Fund Manager Talk | Markets may move in 5% range till festive season: Trideep Bhattacharya
Indian equities are expected to consolidate in a narrow range over the next few months as corporate earnings remain the missing link, says Trideep Bhattacharya
June 8, 2025