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Rupee Anchored Near Record Low on Outflows, Dollar Demand
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Rupee struggles near record low, supported partly by RBI interventions.
The Indian rupee traded close to record lows around ₹88.80 per US dollar, weighed down by persistent foreign outflows and corporate dollar buying. Market watchers note that Reserve Bank intervention is helping limit volatility, though sentiment remains fragile amid global policy uncertainty and U.S. tariff and visa tensions. Investors are cautious as pressure on emerging market currencies continues.