MediumPositive
Announced Sat, 4 Jul · 10:08 IST

Rupee ends losing run on whiff of FPI flows into stocks

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Indian rupee snapped its recent losing streak on Friday, supported by a softer US dollar and net FPI inflows of about ₹1,355 crore into Indian capital markets. The dollar index weakened to 100.7 from 101.4 after a tepid US jobs report lowered expectations of a near-term Federal Reserve rate hike, boosting Asian currencies. Traders remain cautious ahead of Monday, with the rupee expected to trade between 95 and 95.50 amid ongoing geopolitical tensions.