Rupee Slides Past ₹91: Experts Blame Weak Flows, Trade Uncertainty, Not Macro Stress

• The rupee weakened past ₹91 per dollar, extending losses for a fourth straight session.
• Experts attribute the slide to weak capital flows, trade uncertainty, and RBI's changed currency stance, not macroeconomic stress.
• Foreign investors sold Indian equities for the fifth consecutive month, with ₹21,000 crore outflow by mid-December.
• The RBI has shifted from tightly managing volatility to allowing greater market determination, intervening less intensely.
• Outlook may improve from early next year with easing outflows and potential inflows if domestic growth and earnings stabilise.

Why It Matters: Rupee's fall is due to weak flows and trade uncertainty, not macro issues; RBI's stance has changed.