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Rupee dips to 85.29 per dollar as investors brace for economic data

Dimming appetite for equities ahead of industrial output alongside GDP growth releases has left the rupee under pressure.

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Rupee slips on negative market sentiment, fall in fund inflows

Overview

  • The rupee fell by 19 paise to 85.29 per dollar in early trade on Tuesday, marking its lowest level in four sessions.
  • Fading foreign institutional inflows and weak domestic equity performance weighed on the currency before key April industrial and Q1 GDP figures.
  • The dollar index eased to 98.83 while Brent crude futures dipped to $64.56 a barrel yet provided only marginal relief.
  • Foreign investors bought equities worth ₹135.98 crore on Monday despite the BSE Sensex sliding 465 points and the Nifty falling 149 points.
  • A Union Bank of India report forecasts near-term support from a softer dollar index and renewed portfolio inflows, though geopolitical tensions and tariff risks could limit gains.