The Indian rupee is facing some downward pressure lately, driven largely by corporate demand for US dollars in the market. What's interesting is how trading volumes remain relatively thin across the board—this kind of liquidity squeeze tends to amplify price swings even on relatively modest flows. When you've got fewer participants actively trading, it becomes easier for directional moves to get exaggerated, which means we're seeing modest weakening without any dramatic overnight shifts. The combination of steady dollar-seeking by corporations and these muted volumes is basically keeping the rupee in a holding pattern for now.