Overview

• The rupee closed at 86.1475 on Friday, slipping 0.4% for the week and trading near its weakest level in a month.
• The dollar index has climbed 1.5% in July on stronger US economic data and tariff-driven price pressures.
• CME FedWatch shows a 53% chance of a US rate cut in September, putting focus on Fed Chair Jerome Powell’s upcoming remarks.
• India’s retail inflation fell to a six-year low in June, reinforcing market expectations of Reserve Bank of India easing.
• Foreign equity inflows remain muted as investors await developments in US-India trade negotiations.