The Indian rupee weakened to 93.73 against the US dollar on Thursday, November 12, 2026, despite a surge in foreign fund inflows into Indian equities. This unexpected dip in the rupee's value comes amid a broader trend of a strengthening US dollar, which has put pressure on domestic currencies worldwide.
Analysts point to the robust foreign portfolio investor (FPI) activity as a key factor supporting the Indian market. However, the rupee's decline suggests that the impact of foreign inflows has been overshadowed by the dollar's strength. The interplay between these forces highlights the complex dynamics influencing currency markets.
Anshul Majumdar from CNBC-TV18 provided insights into the underlying factors driving this trend. The report emphasizes the need for investors to closely monitor both global currency movements and domestic economic indicators to navigate these volatile conditions effectively.