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of <h1>Rupee Closes Flat at 86.62 vs Dollar Amid Strong US Demand and Foreign Fund Outflows; Markets Gain Despite Challenges</h1> The rupee closed flat at 86.62 against the US dollar, recovering from initial losses due to positive domestic equities, though offset by persistent foreign fund outflows and month-end dollar demand. Forex traders noted pressure from strong US dollar demand, particularly from oil importers. The rupee fluctuated between 86.59 and 86.65 during the session. Analysts predict continued negative bias for the rupee due to ongoing FII outflows and dollar demand, despite potential central bank interventions. The Economic Survey 2024-25 projects GDP growth of 6.3-6.8% for 2025-26, emphasizing strategic policy management amid global challenges. Domestic markets saw significant gains, while FIIs sold equities worth Rs 1,188.99 crore.
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