The rupee closed slightly weaker at 86.8775 against the dollar, despite opening stronger. FIIs continue selling, with over $11 billion outflows in 2025. Sustainable inflows are needed to reverse the negative bias, as the rupee nears record lows.
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
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