India's foreign exchange reserves snapped the longest rising streak in over five years, declining amid continued foreign fund outflows from equity markets. The Nifty 50 index has fallen for six consecutive weeks, approaching key support levels as bears maintain control. Tata Group shares remain in focus following a deepening governance dispute, with Noel Tata-led Trusts challenging the reappointment of Chairman N. Chandrasekaran. Global markets found some support from early gains in Asian stocks and US futures, though falling oil prices offered limited respite. A high-profile summit between US President Donald Trump and Chinese President Xi Jinping dominated investor attention as officials in New York worked to extend a fragile trade truce. The Reserve Bank of India faces pressure to support the rupee as reserves dwindle, though weaker crude prices may provide some relief to the import-dependent economy.

Early Asian equity gains and US index futures suggested a positive start for Mumbai trading, but persistent foreign selling kept sentiment fragile. The currency pair remained sensitive to both domestic policy shifts and evolving geopolitical dynamics between the world's two largest economies.