By Mihika Sharma 

The Indian rupee has slightly strengthened over the past trading sessions closing at 83.91 on August 26 compared to 83.95 about a week ago. 

A weaker dollar is offering some support to the rupee, however, dollar demand from importers and foreign portfolio outflows from Indian stocks (USD 1.5 billion so far in August, as on August 26) have limited rupee’s gains.

As a result, the rupee has only strengthened by 0.1% over the past week. In comparison, other Asian currencies have seen more significant gains over the same period – the Chinese yuan has appreciated by 0.6%, the South Korean won by 1.6%, the Indonesian rupiah by 1.7%, and both the Philippine peso and the Thai baht by 1.9%. 

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