The rupee continues to drift weaker against the U.S. dollar today.
Drivers include strong dollar demand from importers and equity outflows.
The one-month non-deliverable forward signals a slightly weaker opening.
RBI is intervening selectively to curb volatility—not defending a fixed r
ate.
The 88.80 level (rupee’s lifetime low) is being closely watched.
U.S.–India trade tensions and dollar strength are additional head
winds.
A U.S. government shutdown is delaying key economic data, hurting clarit
y.
Weak U.S. job data has increased expectations for Fed rate cuts.
RBI’s upcoming moves may set the short-term tone for currency mar
kets.
Investors may re-balance portfolios in light of currency uncertainty.