The Indian rupee showed mixed movements despite robust economic expansion, as sustained foreign fund outflows continue to pressure the currency. Recent data revealed solid GDP growth, signaling strength in domestic activity, yet investor sentiment remains cautious due to persistent capital leaving the country. Market analysts suggest that while macroeconomic fundamentals appear resilient, external vulnerabilities are keeping traders on edge. The Reserve Bank of India is reportedly monitoring the situation closely, weighing potential interventions to stabilize the rupee. Currency volatility is expected to persist in the near term as global risk sentiment and interest rate differentials influence investor flows.
— news from Reuters
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Rupee wavers as blockbuster economic growth wrangles with persistent outflows Reuters