The Rupee slipped to its record low in the closing minutes of trading on Friday, capping its worst month since September 2022, as persistent foreign outflows and firm corporate dollar demand kept the currency under strain. Dollar-selling intervention by the Reserve Bank of India helped keep the rupee above 92 per dollar, though traders and analysts said staggered depreciation could continue unless foreign inflows rebound. Foreign investors sold about $4 billion of Indian equities in January, adding to nearly $19 billion of outflows last year. Corporate hedging demand has also weighed on the currency. Elsewhere, global markets are keenly awaiting U.S. President Donald Trump's announcement of his pick to replace Federal Reserve Chair Jerome, expected later on Friday. The pound dropped against the dollar on Friday, with the U.S. currency benefiting from growing expectations that former Fed Governor Kevin Warsh will be unveiled as new Fed chair later on Friday. Sterling was last down 0.56% at $1.3742 weakening by a similar amount against the greenback as other majors. Versus the euro, the pound was little changed at 86.70 pence to the common currency. The pound's recent moves have largely been driven by developments elsewhere, though attention is starting to shift to next week's Bank of England meeting. The British central bank publishes individual policymakers' votes and reasoning. There are currently a wide range of views on the rate-setting Monetary Policy Committee, meaning analysts spend some time trying to assess each voter's view. On the day, the focus remained on the new Federal Reserve chair. U.S. President Donald Trump said on Thursday he would name Powell's successor on Friday. Bloomberg News reported Warsh will get the nod, while a person familiar with the matter told Reuters that Warsh had met Trump at the White House on Thursday. The dollar and long-dated U.S. bond yields rose on the reports. While investors think Warsh will be inclined to cut interest rates, they expect him to rein in the Fed's balance sheet. Oil prices are likely to hold near the $60 a barrel mark this year, as the prospect of oversupply in the market offsets the impact of geopolitical tensions that could disrupt cargoes, a Reuters poll showed on Friday. The survey of 31 economists and analysts conducted in January forecast that Brent crude would average $62.02 per barrel in 2026, slightly up from December's forecast of $61.27. Brent was trading around $70 on January 30 and averaged around $68.20 last year.......