Lower US rate odds and oil dip offer relief to rupee
The Indian rupee faces a more stable outlook as reduced US rate-hike expectations and lower oil prices ease pressure. The Reserve Bank of India continues active interventions to keep the currency anchored near the 96 per dollar level.
Xurve View
Insights:
Xurve View
The India rupee faces less downside pressure on Wednesday morning after falling US rate-hike expectations and softer oil prices eased currency strains. The currency is expected to open at 95.94-95.99 per dollar after closing Tuesday at 95.98.
