Indian rupee expected to open flat as local flows offset dollar weakness
The rupee remains steady as local flows offset a weaker dollar. While equity inflows improve, traders expect the currency to hold within its current range.
Insights:
The Indian rupee is expected to open with a muted tone on February 10, as domestic factors prevent the currency from capitalizing on a weakening greenback and strength in regional markets. Despite a broader shift in global foreign exchange that would typically favor India 
IN, local corporate hedging and other domestic flows are weighing on the valuation, keeping the 1-month non-deliverable forward within a narrow range of 90.72 to 90.76.
IN, local corporate hedging and other domestic flows are weighing on the valuation, keeping the 1-month non-deliverable forward within a narrow range of 90.72 to 90.76.
