The Indian rupee remained around 83.4 per USD, close to its record low of 83.7 seen on April 16th amid general weakness IN ASIAn currencies and limited intervention from India’s central bank (RBI). The persistent high inflation in the US dampened expectations for significant rate cuts there, leading to stronger USD demand in key Asian markets and impacting emerging market currencies. Despite this, the robustness of the Indian economy and anticipation of a firm RBI stance have prevented a more significant drop in the rupee.