Indian rupee ticks up 2 paise to 95.17 against the U.S. dollar on Tuesday, a modest lift from Monday’s 95.19 close.
Brent crude is perched around $115 a barrel—its highest in six months—adding pressure on India’s import bill and, by extension, the rupee.
Foreign portfolio flows show a mixed picture: equity inflows hit $147.93 million, while debt outflows reached $212.16 million, signaling a net outflow that could further weaken the currency.
RBI has stepped in at the 95.30 mark, where traders expect aggressive intervention. A sustained break above this level may expose the rupee to a slide toward 96 per dollar.
Market watchers should keep an eye on the upcoming RBI policy meeting, OPEC output forecasts, and U.S. interest‑rate moves, all of which could shape the rupee’s trajectory in the coming weeks.