Indian Rupee Fluctuates Amid Global Economic Factors and Geopolitical Tensions

The Indian rupee experienced fluctuations, closing at 90.29 against the US dollar on Wednesday after opening stronger. Early gains were erased by a strong dollar, foreign outflows, and elevated crude oil prices, despite potential central bank intervention. On Tuesday, the rupee closed at 90.23, down 6 paise, influenced by rising crude oil, a firm dollar, and foreign fund outflows amid geopolitical tensions. Analysts anticipate continued volatility due to global risk aversion but note potential support from rate cut odds and central bank actions.