USD/INR continues its bull run amid consistent foreign outflows from India

The Indian Rupee (INR) is currently on a bearish trend against the US Dollar (USD), having fallen for three consecutive days. This is primarily driven by continued foreign capital outflows from India. Investors seem to be adopting a risk-averse stance due to concerns over the instability of the domestic economy and favorable forecasts for the US economy. This situation puts additional pressure on the INR, particularly as growth rates in India appear to be slowing down and capital outflows are accelerating. The loss of confidence from foreign investors raises questions about the stability of recovery in the INR going forward. The market remains cautious, closely monitoring the movements of USD/INR. Future economic indicators and central bank policies may significantly impact this trend, warranting traders to stay well-informed.