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Below the Quote on rupee by by Pranjal Ghate, Economist, Brickwork Rating

"While the rupee slipped to 93.77 against the US dollar in early trade today, weighed down by a stronger dollar and rising US Treasury yields, these near-term fluctuations should not overshadow the broader recovery in the currency over recent weeks, bringing it back to levels last seen in April 2026. India is increasingly being viewed as a potential 'AI hedge' by global investors, with any further unwinding of crowded US and global AI-related trades potentially supporting foreign equity inflows into Indian markets. Alongside easing crude oil prices, these developments could provide further support to the rupee, with scope for consolidation in the 92.00–93.00 range in the coming weeks. However, the extent of appreciation may be moderated by RBI intervention aimed at rebuilding foreign exchange reserves, while renewed crude oil volatility and broader global uncertainties remain key risks to this outlook."

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