The recent rise in the US Dollar Index against the INR over the last 30 days reflects a strengthening dollar influenced by various factors, including interest rate hikes by the Federal Reserve and global economic uncertainties. This appreciation of the dollar has led to a depreciation of the Indian rupee, impacting foreign investments and creating challenges for the Indian equity market. As the value of the rupee falls, foreign institutional investors (FIIs) are prompted to sell off equity holdings to mitigate losses, resulting in increased selling pressure in Indian markets. This trend highlights the interconnectedness of global currencies and the local economy, emphasizing the need for investors to stay vigilant amid fluctuating exchange rates.