Indian rupee at risk from foreign outflows and weak Asian currencies

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Foreign investors have withdrawn US$2.8 billion ($4.26 billion) from Indian equities recently.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