Indian Rupee Declines Amid Market Pressures, Recovers Slightly on January 14

The Indian rupee declined modestly against the US dollar on January 13, closing around 90.21-90.23, pressured by rising crude oil prices, a stronger dollar, foreign fund outflows, geopolitical tensions, and weak domestic equity markets. The Reserve Bank of India likely intervened to limit the rupee's fall. Market participants remain cautiously optimistic due to ongoing US-India trade talks and expectations of US inflation data, while the rupee rebounded 11 paise to 90.12 in early trade on January 14 amid easing crude prices and a retreating dollar.