The Indian rupee slid to a one-month low against the dollar, driven by sustained foreign selling in local equities and a lack of aggressive intervention from the Reserve Bank of India. Investors pulled capital as global risk sentiment soured, pressuring the currency without the central bank providing a clear support floor.

This depreciation comes as foreign portfolio investors have consistently offloaded Indian stocks, a trend that often weighs on the rupee. The muted response from the RBI suggests officials may be tolerating a gradual decline, prioritizing other policy goals over defending a specific exchange rate level.

Looking ahead, currency traders will watch for any shifts in RBI intervention patterns or a reversal in foreign fund flows. A sharper rupee drop could prompt more direct central bank action, while continued outflows might test the currency's resilience amid broader emerging market volatility.