Persistent Dollar Demand Pressures Indian Currency
The Indian rupee weakened sharply in early trade on Wednesday, slipping 31 paise to an all time low of 91.28 against the US dollar. The decline was driven by sustained dollar demand and a cautious global environment that continued to weigh on emerging market currencies.Risk Aversion and Weak Domestic Cues Weigh on Sentiment
Forex markets saw the rupee open at 91.05 against the dollar before extending losses through the session. The move marked a clear deterioration from the previous close of 90.97, which itself had been a record low. Rising geopolitical uncertainty and a fragile global risk outlook kept investor sentiment under pressure.Domestic factors also contributed to the...