Indian Rupee (INR) Performance **Overview** The Indian rupee staged a modest recovery, appreciating by **12 paise** to trade at **90.66** against the US dollar. This positive movement was primarily driven by broad-based weakness in the greenback. **Key Drivers & Risks** * **Support:** A softening US dollar index provided immediate relief to the local unit. * **Headwinds:** Upside momentum remains constrained by persistent foreign capital outflows from domestic equities and rising global crude oil prices resulting from ongoing geopolitical tensions. **Context** This rebound follows a significant recent depreciation, during which the rupee hovered near its all-time low.