The Indian rupee has weakened past the 91 mark against the US dollar, driven by a combination of hedging demand from importers and persistent capital outflows. The currency's descent reflects broader market concerns as the ongoing trade negotiations between the US and India remain deadlocked, creating uncertainty for businesses and investors alike.

This depreciation signals mounting pressure on emerging market currencies as traders reassess risk exposure. The hedging activity suggests companies are bracing for further volatility, while simultaneous outflows indicate foreign investors are rotating capital away from the region. The rupee's movement mirrors the wider trend of dollar strength, particularly as global trade tensions escalate.

For market participants tracking cross-border flows and macroeconomic shifts, the rupee's trajectory offers important clues about investor sentiment and capital reallocation patterns—dynamics that increasingly influence cryptocurrency market movements as institutional players navigate between traditional and digital assets.