Indian rupee edges lower as merchant demand and portfolio flows weigh on sentiment
The rupee dipped on Wednesday due to corporate dollar demand and weak portfolio flows. Central bank support is expected to limit losses before Fed minutes.
Insights:
The Indian 
IN rupee weakened marginally on Wednesday as dollar demand from companies and tepid portfolio flows weighed on the currency, though interventions by the Reserve Bank of India limited the extent of the decline. The move occurred as the rupee has repeatedly found support near the 90.80 level amid unexpected and steady central bank interventions during the January–March quarter window.
IN rupee weakened marginally on Wednesday as dollar demand from companies and tepid portfolio flows weighed on the currency, though interventions by the Reserve Bank of India limited the extent of the decline. The move occurred as the rupee has repeatedly found support near the 90.80 level amid unexpected and steady central bank interventions during the January–March quarter window.
