Indian Rupee faces pressure amid lack of foreign inflows in Indian stock market
The post Indian Rupee faces pressure amid lack of foreign inflows in Indian stock market appeared on BitcoinEthereumNews.com.
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but remains close to its over three-week low. The USD/INR pair holds onto gains near 91.20 as the Indian stock market struggles to attract foreign investment. According to data from the NSE, there seem to be no consistent inflows of overseas funds into the Indian equity market despite the announcement of a trade deal between the United States (US) and India in early February. So far this month, Foreign Institutional Investors (FIIs) have bought shares worth Rs. 895.58 crore, which represents pennies against the outflow seen in the last seven months. On February 2, both India and the US acknowledged the trade deal announcement by President Donald Trump in which Washington agreed to cut tariffs on imports from New Delhi to 18% from 50% (which included 25% punitive tariffs). Meanwhile, the Indian currency is also failing to capitalize on signs of easing tensions between the US and Iran. Oman’s Foreign Minister, Badr al-Busaidi, said in early trade that talks between the two nations on nuclear issues have made “significant progress,” and they will resume next week in Vienna. It seems that the absence of a meaningful impact of positive US-Iran talks on the oil price has failed to support the Indian Rupee. As of writing, WTI oil price trades 0.3% lower at near $65.25. The Indian currency is highly sensitive to changes in oil prices, given that the Indian economy relies heavily on oil imports to meet its energy needs. On the domestic front, investors await the Q4 Gross Domestic Product (GDP) data, which will be published at 04:00 PM IST (10:30 GMT). The GDP data is expected to show that the economy expanded at an annualized pace of 7.2%, slower than 8.2% growth…
Filed under: News - @ February 27, 2026 5:30 am