Malaysia

2025-07-02 23:20

IndustryIndian Rupee Weakens Amid Regional FX Slump
#CommunityAMA Indian Rupee Weakens Amid Regional FX Slump and Tariff Anxiety The Indian rupee slipped to 85.69 per dollar as broader Asian currencies fell in response to renewed tariff concerns from Washington. Despite elevated forward premiums suggesting healthy dollar supply, market participants remain cautious ahead of potential U.S.–India trade friction. The RBI was seen lightly intervening to curb volatility, but analysts expect the rupee to remain range-bound near-term unless global risk sentiment shifts decisively or crude prices spike. Domestic equity inflows continue to offer modest support.
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Indian Rupee Weakens Amid Regional FX Slump
Malaysia | 2025-07-02 23:20
#CommunityAMA Indian Rupee Weakens Amid Regional FX Slump and Tariff Anxiety The Indian rupee slipped to 85.69 per dollar as broader Asian currencies fell in response to renewed tariff concerns from Washington. Despite elevated forward premiums suggesting healthy dollar supply, market participants remain cautious ahead of potential U.S.–India trade friction. The RBI was seen lightly intervening to curb volatility, but analysts expect the rupee to remain range-bound near-term unless global risk sentiment shifts decisively or crude prices spike. Domestic equity inflows continue to offer modest support.
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