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(27/04/2026 09:56)

Rupee weakens in early trade amid dollar demand and global uncertainty

The Indian rupee slipped 11 paise to 94.27 against the US dollar in early Monday trade, pressured by sustained demand for the greenback and a broader shift toward safe-haven assets.

Forex traders noted that the rupee is facing continued weakness, marking its fifth straight session of decline. The downturn is attributed to multiple factors, including the RBI’s relatively relaxed stance on currency management and a surge in crude oil prices driven by global tensions.

Additionally, investor sentiment has turned cautious, with foreign institutional investors resuming outflows after a brief buying phase, amid rising geopolitical uncertainties.
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