Indian rupee poised to breach record low at open as dollar gains in offshore markets
The Indian rupee is poised to open at a record low today following a dollar rally in offshore markets. Traders are now on high alert for potential central bank intervention as the open nears.
Insights:
The Indian 
INrupee is poised to open past the 92-per-dollar mark on Thursday following a rally in the United States 
USdollar across non-deliverable forward markets and broad weakness in Asian currencies. Pricing for 1-month non-deliverable forwards indicates the rupee will open in the 92.02 to 92.08 range against the dollar, putting the currency on track to breach its previous all-time low of 91.9650 recorded last week.
INrupee is poised to open past the 92-per-dollar mark on Thursday following a rally in the United States USdollar across non-deliverable forward markets and broad weakness in Asian currencies. Pricing for 1-month non-deliverable forwards indicates the rupee will open in the 92.02 to 92.08 range against the dollar, putting the currency on track to breach its previous all-time low of 91.9650 recorded last week.
