The rupee’s plunge beyond ₹90 highlights India-specific pressures from FPI outflows, trade deficits and dollar demand. The slide threatens higher imported inflation, costlier commodities and wider external imbalances, even as domestic growth remains resilient amid global uncertainty.
FPIs’ outflow nears Rs 33,000 crore in May on weaker rupee
However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflows
May 31, 2026