The Indian rupee weakened against the US dollar on Wednesday, closing 11 paise lower at ₹91.79 after initially gaining ground during early trading. The domestic currency started the session with some strength, supported by a softer US dollar index and positive sentiment around the recently announced India–EU Free Trade Agreement, which raised hopes for increased foreign investments.
However, the rupee lost momentum as persistent selling pressure from foreign institutional investors (FIIs) and ongoing geopolitical uncertainties weighed on the market. Forex traders reported that the currency had touched an intraday high near ₹91.50 before reversing direction, highlighting the volatility and sensitivity of the rupee to global cues.
Analysts said that capital outflows from Indian equity and debt markets continued to exert pressure on the rupee, countering domestic factors that could have supported its strength. Additionally, global crude oil price fluctuations and expectations of interest rate changes in the US added to the uncertainty surrounding the currency’s movement.
Despite the decline, experts noted that the rupee’s loss was moderate compared to its recent record lows, when it had slipped past ₹92 against the dollar. The combination of a softer dollar index, improved trade prospects, and government initiatives aimed at stabilizing foreign exchange flows may provide some support in the near term, although continued volatility is expected in the coming weeks.
Indian rupee ne US dollar ke mukable girawat dikhayi Wednesday ko, aur session ke end par 11 paise girkar ₹91.79 par close hui. Din ki shuruat me currency ne thodi strength dikhayi thi, softer US dollar index aur India–EU Free Trade Agreement ke positive sentiment ke wajah se investors me optimism raha.
Lekin rupee ne momentum lose kar diya kyunki foreign institutional investors (FIIs) ki selling pressure aur ongoing geopolitical uncertainties ne market par dabav banaya. Forex traders kehte hain ki rupee ne intraday high ₹91.50 tak touch kiya, lekin fir reverse ho gayi, jo market ki volatility aur global cues ke sensitive nature ko dikhata hai.
Analysts ke hisaab se, capital outflows Indian equity aur debt markets se rupee par pressure dalte rahe, jo domestic supportive factors ko counter karte rahe. Saath hi, global crude oil prices aur US interest rate expectations ne bhi rupee ke movement ko affect kiya.
Is girawat ke bawajood, experts ka kehna hai ki ye loss moderate hai recent record lows ke comparison me, jab rupee ₹92 ke upar se neeche gaya tha. Softer dollar index, improved trade prospects aur government initiatives jo foreign exchange flows ko stabilize karne me help karte hain, rupee ko near term me support de sakte hain. Lekin aage bhi market me volatility expect ki ja rahi hai.
Overall, Wednesday ka session dikhata hai ki Indian rupee ko challenges face karne pad rahe hain, jahan domestic optimism aur external pressures ke beech balance maintain karna important hai.