Indian rupee expected to open flat near 94.50 level
The Indian rupee is poised to open little changed near 94.50 per dollar. Rising oil prices and corporate hedging demand are offsetting recovery momentum, while the Reserve Bank of India maintains its market presence.
Xurve View
Insights:
Xurve View
The India rupee opened little changed on Tuesday in the 94.48 to 94.50 range, caught between rising crude costs and central bank intervention. The currency settled at 94.4850 against the dollar on Monday, slowing its prior advance from 95.70.
