Domestic equities have faced correction-led headwinds, with continued FII outflows and elevated US Treasury yields adding to the pressure. Rupee’s trajectory remains linked to oil prices, dollar strength, global risk appetite and developments around US-Iran contacts.

On the domestic front, industrial output growth rose to 8% from 7.4% in the preceding month, led by manufacturing. Global cues remain mixed, with US equities ending lower, European markets trading higher and Asian benchmarks moving in different directions. China’s targeted credit-easing measures and mortgage support also remain key regional factors.

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