The rupee closed at a record low of 85.83, declining 4 paise amid weak domestic equity markets and sustained foreign fund outflows. Concerns over the Human Metapneumovirus (HMPV) outbreak and surging US bond yields boosted the dollar’s safe-haven appeal. With Sensex plunging 1,258 points and forex reserves dropping by $4.1 billion, traders expect the rupee to trade in the 85.65–86.10 range, supported by potential RBI intervention.
