The Indian rupee is staying cautious amid a negative bias for the USD/INR pair as a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments. Yesterday, the Indian rupee appreciated 34 paise to close at 86.64 against the US dollar, supported by the weakening of the American currency in the overseas market. Benchmark indexes Sensex and Nifty fell modestly on Thursday amid tariff concerns and uncertain outlooks for both global trade and inflation. U.S. stocks ended firmly in the red overnight as Walmart's fiscal 2026 guidance missed analyst expectations and big bank stocks fell sharply amid concerns about the outlook for growth, inflation and interest rates. Meanwhile, foreign Institutional Investors remained net sellers on Thursday and offloaded shares worth Rs 3,311 crore, while domestic Institutional Investors were net buyers, buying stocks worth Rs 3,907 crore, as per provisional data.

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