Foreign inflows returned to India after months of outflows, supporting the Indian rupee as a tech-sector sell-off redirected capital into the market. Week-to-date the rupee is up 0.5%; intraday on Thursday it hit 94.32, a two-week high, before settling at 94.4750. The currency had been under pressure for most of the year and has relied on central bank intervention for support. This week two prior drags — oil prices and equity flows — eased, giving the rupee some relief. Global funds’ earlier rot

Foreign inflows returned to India after months of outflows, supporting the Indian rupee as a tech-sector sell-off redirected capital into the market. Week-to-date the rupee is up 0.5%; intraday on Thursday it hit 94.32, a two-week high, before settling at 94.4750. The currency had been under pressure for most of the year and has relied on central bank intervention for support. This week two prior drags — oil prices and equity flows — eased, giving the rupee some relief. Global funds’ earlier rotation into AI-related assets had sidelined Indian equities; the recent reversal of that trade has helped draw foreign buying back into India.