The Indian rupee ended Monday at 85.7550/USD, slipping 0.3% for the day and posting quarterly and monthly losses of 0.3% and 0.2%, respectively.
It underperformed Asian peers like the Taiwan dollar (+13% YTD) and Korean won (+8% YTD), mainly due to India’s external investment deficit.
Weak portfolio inflows also hurt sentiment, with foreign investors pulling out $0.5 billion from Indian equities and bonds in Q1 FY26.
Analysts expect the rupee to trade within the 84–86 range with a downside bias if the US Fed signals rate cuts.
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