Rupee Rises to 90.12 Against Dollar Amid Global Shifts, But Pressures Remain

• Indian Rupee gained 18 paise to 90.12 against the US dollar on Tuesday, driven by a weaker greenback and falling crude oil prices.
• The dollar eased after lower-than-expected US ISM Manufacturing PMI, hinting at potential rate cuts, while Brent crude dipped to $61.57.
• Despite gains, geopolitical tensions, US actions in Venezuela, and domestic equity caution limited the rupee's appreciation.
• Foreign institutional investors offloaded ₹36.25 crore in equities, contributing to recent rupee weakness and four consecutive sessions of losses.
• RBI has intervened to moderate sharp swings, but persistent dollar demand and broader flows continue to influence the rupee's direction.

Why It Matters: Rupee saw a temporary rise due to global factors, but faces ongoing pressure from geopolitical and domestic issues.