Rupee Lags Despite Dollar Decline

  Published 10 months ago

The Indian rupee is underperforming against Asian peers despite a weakening dollar in May, driven by foreign portfolio and corporate payment outflows. Traders anticipate a range-bound medium-term outlook, influenced by US-India trade talks and US economic concerns.

  • Rupee down 1% in May vs. peer gains.
  • Outflows from Indian equities are increasing.
  • The dollar weakens due to US fiscal/trade fears.

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