The Indian rupee weakened by 4 paise to trade at ₹90.24 against the US dollar in early interbank foreign exchange on Monday, extending its recent losing streak. The domestic currency remained under pressure amid strong demand for the dollar and persistent global uncertainties, traders said.
At the opening, the rupee was quoted at ₹90.21 per dollar but slipped further in early deals as market participants continued to seek the safety of the US currency. Ongoing geopolitical concerns and cautious sentiment in global financial markets weighed on emerging market currencies, including the rupee.
Forex dealers noted that while soft crude oil prices provided some support, it was insufficient to offset sustained dollar demand from importers and foreign fund outflows. In the previous session, the rupee had closed weaker at around ₹90.20 against the dollar.
Market participants expect the rupee to remain volatile in the near term, with global developments, crude oil trends, and foreign institutional investment flows likely to guide further movement.
Indian rupee Monday ko early interbank forex market mein 4 paise girkar ₹90.24 per US dollar par trade karti dikhi. Currency par pressure bana raha kyunki US dollar ki strong demand aur global level par uncertainty continue hai, traders ne bataya.
Opening mein rupee ₹90.21 per dollar par khuli thi, lekin early deals mein aur weak ho gayi. Geopolitical tensions aur global markets ka cautious mood emerging market currencies, including rupee, par pressure daal raha hai.
Forex experts ke mutabik, crude oil prices thode soft hone ke bawajood, importers ki taraf se dollar demand aur foreign fund outflows ne rupee ko support nahi milne diya. Pichhle session mein rupee around ₹90.20 per dollar par close hui thi.
Market participants ka maanna hai ki near term mein rupee volatile reh sakti hai, aur aage movement global cues, crude oil trends aur foreign institutional investment flows par depend karega.