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    Indian rupee at risk from foreign outflows and weak Asian currencies

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    The Indian rupee is expected to face challenges due to foreign outflows from the country's equity markets and overall weakness in Asian currencies.

    Non-deliverable forwards suggest a slight weakening of the rupee against the US dollar, opening at 83.15.

    Foreign investors have withdrawn US$2.8 billion ($4.26 billion) from Indian equities recently.

    The rupee, along with other Asian currencies, is also affected by a stronger US dollar amid uncertainty about potential interest rate cuts by the US Federal Reserve.

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