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The Indian Rupee (INR) revisits the four-week low against the US Dollar (USD) in the opening session on Friday. The USD/INR pair rises to near 90.70 as the Indian Rupee underperforms amid the continuous outflow of foreign funds from the Indian stock market. On Wednesday, Foreign Institutional Investors (FIIs) offloaded their stake worth Rs. 4,781.24 crore, according to data from NSE. The selling pressure from FIIs continues in the Indian equity market amid the absence of a trade deal announcement between the United States (US) and India. So far in January, FIIs have remained net sellers in nine out of ten trading days, and have pared their stake worth Rs. 21,706.27 crore. This week, trade talks took place between India’s External Affairs Minister Subrahmanyam Jaishankar and US Secretary of State Marco Rubio, which were called “good” by both through their social media posts, but the sentiment of overseas investors towards the Indian stock market remains weak amid the absence of a breakthrough in trade discussions. Economists at HSBC have also pointed out that weak capital inflows into the Indian stock market are a major problem for the Indian Rupee. On the economic front, India’s retail and wholesale inflation data for December have shown growth in price pressures, but this is unlikely to deter the Reserve Bank of India (RBI) from delivering more interest rate cuts in the near term. Though the retail Consumer Price Index (CPI) has grown at a faster pace of 1.33% Year-on-Year (YoY), it is still lower than the RBI’s tolerance band of 2%-6%. Daily Digest Market Movers: US Dollar trades broadly firm as Fed officials support restrictive policy stance The Indian Rupee trades lower against the US Dollar, even as the latter edges down ahead of an extended weekend in the US. At the time of writing,…

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Filed under: News - @ January 16, 2026 6:24 am