The U.S. dollar dipped as traders anticipated a Federal Reserve rate cut next week, with nearly 90% probability priced in. Soft labor data and dovish central bank remarks fueled expectations for reductions. Meanwhile, the yen firmed on speculation the Bank of Japan might raise rates this month.
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