Market participants are closely watching crude oil prices, foreign institutional investor flows, the dollar index, and global market developments for more cues on the domestic currency. The rupee gained over 1% last week, thanks to a surge in foreign inflows into Indian equities and declining oil prices. Foreign investors poured more than $4 billion into Indian shares last week, while pulling funds out of tech-heavy South Korea and Taiwan amid an AI market slump. The rupee has faced pressure from capital flows and oil prices in recent months. However, a sustained recovery in equity inflows and lower oil prices could…
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