The Indian rupee opened 39 paise lower on March 10 due to concerns over global trade despite the easing dollar index.
The local currency opened at 87.2650 against the US dollar, as compared to 86.8812 against the greenback in the previous trading session.
The dollar index, which measures American currency's value against six major global peers, stood at 103.866 in the early trade. It ended the previous session at 103.838.
Amit Pabari, managing director at CR Forex Advisors said Foreign Institutional Investors have pulled a staggering $12.63 billion from Indian markets since January 2025, triggering concerns over capital flight. Adding to the pressure, expectations of further rate cuts by the Reserve Bank of India (RBI) are keeping the rupee on edge.
The Indian rupee has been appreciating in the last few days due to the easing dollar index and better economic conditions domestically.
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