The Indian rupee weakened slightly to 85.60 against the dollar due to corporate demand and potential portfolio outflows, despite a broadly weaker dollar boosting Asian currencies. The rupee underperformed regional peers, weighed down by India’s external investment deficit. Equity indexes fell amid U.S.-China trade deal uncertainty and Middle East tensions. Dollar-rupee forward premiums rose as bets on a U.S.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets