Branch² Intelligence
Rupee slips 9 paise as dollar demand keeps up pressure
Key takeaway
Rupee weakens 9 paise to 96.35/USD on persistent dollar demand.
- Step 1persistent dollar demand from importers and FPIs pushes the rupee lower
- Step 2RBI intervenes by selling dollars, capping the fall but not reversing the trend
- Step 3import-dependent SMEs face higher INR costs for USD-denominated inputs, squeezing margins
- Step 4export-oriented SMEs gain price competitiveness, boosting order books and margins
Source: IN:Economic Times
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