Indian rupee set for weaker open as risk‑off mood and foreign outflows apply pressure

The Indian rupee is expected to open slightly weaker as risk‑off sentiment and continuous foreign equity outflows weigh on its outlook. The one‑month forward rate suggests an open around ₹88.60‑88.66 per U.S. dollar, near its previous close. Dealers note that the Reserve Bank of India has recently intervened to defend about ₹88.80, but broad‑based Asian currency weakness and a firmer dollar keep the rupee vulnerable. Import‑dollar demand adds pressure, and traders will closely watch central‑bank activity for clues on intervention tempo and currency direction.