Indian Rupee Fluctuates Amidst RBI Action, Fund Outflows, and Economic Data
5 hours agoBusiness
29LENS
9 SourcesMumbai, India
TBNthebalanced.news
Indian Rupee Fluctuates Amidst RBI Action, Fund Outflows, and Economic Data

The Indian rupee experienced fluctuations, closing at 89.84 against the US dollar on Tuesday, up 14 paise, primarily due to Reserve Bank of India dollar sales and strong industrial production data. However, foreign fund outflows and higher crude oil prices limited gains. On Wednesday, the rupee fell 15 paise to 89.90 in early trade, influenced by continued FPI outflows and a muted equity market opening. Analysts note ongoing US-India trade uncertainties and low inflation impacting the rupee's appreciation.

Political Bias
30%37%33%
Sentiment
52%