Rupee Nears 92 as Trade Deal Stalls, FPIs Exit: Experts

• The Indian rupee has crossed 91 against the US dollar and experts predict it may reach 92 this month.
• Key factors driving the rupee's decline include delays in the India-US trade deal, FPI outflows, and debt selling.
• India and the US are actively negotiating and are "very close" to finalizing a framework bilateral trade agreement.
• The rupee hit a record low of 91.14 against the US dollar amid FPI selloffs and trade deal uncertainties.
• Overseas investors have net sold over $18 billion in local stocks this year, marking the largest annual outflows ever.

Why It Matters: Weakening rupee impacts import costs, exports, and India's economic outlook.