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Recently
Rupee volatility persists amid global risk-off sentiment
Rupee volatility persisted as global risk-off sentiment and dollar strength weighed on emerging market currencies.
The Indian rupee continued to face pressure as global risk aversion and foreign fund outflows weighed on emerging market currencies. Traders cited dollar strength and rising US bond yields as key drivers. Market participants expect near term volatility to persist, with central bank intervention likely limiting extreme currency swings.