**Indian Rupee Slips Slightly Against US Dollar**
**Support from China and Exporters**
The Indian rupee weakened marginally on Monday, closing at 86.4075 against the US dollar. Despite the slight decline, the currency received support from a strong Chinese yuan and robust exporter activity. This helped mitigate the impact of downward pressures on the rupee.
**Positive Regional Cues and Equity Market Gains**
Positive regional cues and gains in Indian equity markets also contributed to limiting the rupee’s losses. This optimism is largely driven by easing trade tensions globally, which has boosted investor sentiment.
**Downward Pressure Continues**
However, the rupee’s gains were capped by stalled trade negotiations and foreign portfolio outflows. These factors continue to exert downward pressure on the currency, making it challenging for the rupee to make significant gains.
**A Delicate Balance**
The Indian rupee’s performance is a delicate balance of various factors, including global trade tensions, regional cues, and domestic economic activity. As trade negotiations continue to evolve, investors will be closely watching the rupee’s movement in the coming days.
