The Indian rupee ended at a record closing low weighed down by dollar demand from local oil companies and weakness in its Asian peers.. -April 03, 2024 at 06:41 am EDT
- MarketScreener
The Indian rupee is likely to open mildly higher on Tuesday after slumping to a record low last week, with traders keeping a close eye on possible intervention from the Reserve Bank of India to.
The Indian rupee may look
to build on its recent gains on the back of a weaker dollar and
will keep an eye on domestic and U.S. inflation data for cues,
while government bond yields will track.
The Indian rupee struggled to
build on its upward momentum on Friday, on dollar demand from
oil companies and other importers, and the Federal Reserve s
wariness over cutting interest rates early. .
The Indian rupee ended little changed on Tuesday despite rising to its highest in nearly three weeks in the session as dollar demand from state-run banks, likely on behalf of importer clients, eroded the local unit s gains, traders said.