Indian Rupee Nears Record Low of 91.08 Amid Strong Dollar Demand, Fund Outflows

• The Indian Rupee depreciated 8 paise to 90.98 against the US dollar in early trade on Tuesday, nearing its record low.
• Strong dollar demand from metal importers and persistent foreign fund outflows are denting investor sentiment.
• Rising geopolitical uncertainty and renewed US expansionary signals are increasing risk aversion, pressuring emerging market currencies.
• A sluggish domestic stock market and foreign institutional investors offloading equities (Rs 3,262.82 crore on Monday) contribute to the rupee's weakness.
• Experts predict the rupee could move towards the 91.70–92.00 zone if global uncertainty continues and 91.07 is breached, unless RBI intervenes.

Why It Matters: The Indian Rupee is weakening significantly, approaching a record low due to strong dollar demand and foreign fund outflows.