Indian Rupee Fluctuates Amid Oil Prices, US Dollar Movements, and Market Factors

The Indian rupee showed mixed movements against the US dollar over two days, rising by up to 21 paise to 90.73 on Monday, supported by a decline in global crude oil prices, a weaker dollar following the US Supreme Court ruling against President Trump's tariff policy, and record-high forex reserves. However, gains were limited by foreign fund outflows, geopolitical tensions, and importers' dollar demand. On Tuesday, the rupee fell 7 paise to 90.96 amid rising oil prices, a stronger dollar, and a weak start to domestic equity markets, despite foreign institutional investor inflows providing some support.