Fundamental Analysis: Rupee : The rupee is snapping its gains against greenbuck A corrective pullback in international market and aniticipation of higher co mmodity prices is going to weigh on local unit.. Portfolio flows into local shares are a key driver o f the rupee. Foreigners have bought more than $14 billion of local eq uities so far this year, after being sellers o f more than $13 billion in 2008.bearish