**Indian Rupee Market Brief** The Indian rupee depreciated to **90.98** against the US dollar on Tuesday, edging closer to historic lows. This decline occurred despite a broader weakness in the dollar index, highlighting localized pressure on the currency. Sustained outflows from foreign institutional investors have severely impacted market sentiment. Additionally, elevated government bond yields are adding further weight to the rupee's valuation. The central bank actively intervened in the foreign exchange market, selling dollars to defend the critical **91** per dollar psychological level. Despite these efforts, market expectations suggest a continued depreciation bias in the near term.