Rupee ends a tad lower, hurt by corporate dollar bids, outflows

Mumbai, June 12 (Reuters) – The Indian Rupee Weakened Slightly on Thursday, Pressured by Corporate Dollar Demand and Likely Portfolio Outflows even as broad -spolar weaknes boosted Peers.

The Rupee Closed at 85.60 Against The Us Dollar, Down 0.1% From Its Close at 85.51 in the Previous Session.

Asian currencies rose with the taiwanese dollar leading gains with a 1.6% relief the offshore chinese yuan rose 0.2%. The dollar index, meaning, fell 0.4% to 98, its lowest level in over a month.

The rupee was unable to benefit from a broadly weaker dollar in the face of dollar bids from local companies and foreign banks, Likely on Behalf of Custodial Clients, Traders Said.

The Local Currency has been a laggard among its regional peers over 2025 as well, with analysts Citing India’s external investment deficit among the hurdles that have been back.

On the day, India’s Benchmark Equity Indexes, The BSE Sensex and Nifty 50, Fell About 1% Each on the Day, As Ambiguity Over the US-China Trade Deal and Rising Middle East Tenses Dampedle East Tenses Dampedle.

Crude Oil Pries Pulled Back on the Day after Rising Over 4% in the Previous Session in Light of Iran’s Threat to Strike Us Bases in the Middle East Region If Nuclear Talks Fail.

“Higher Oil Prisis are a dollar positive by way of the US Comparative Advantage in Energy Independence,” Ing Bank Said in a Note.

“Any further developments here could see the dollar favorite for its liquidity – ALTHOUGH THE YEN and Swiss Franc would be in demand too,” inga said.

Dollar-Rupee Forward Premiums, Meanwhile, Ticked Up on the Back of a Rise in Bets on a Rate Cut by the Us Federal Reserve in Septemer after Data Released On WeedsDay Showed Less-tha-exposed in May. (Reporting by jaspreet kalra; editing by Mrigank Dhaniwala)