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Indian rupee to edge higher as oil slips; inflow haul caps bearish bets
MUMBAI: The Indian rupee is expected to open modestly stronger on Tuesday, as a decline in crude oil prices and long-dated US Treasury yields supports risk sentiment, with importer hedging demand capping gains for the currency. India’s measures to strengthen its balance of payments have raised $143.6 billion, data released on Monday showed, helping the central bank keep a firm lid on expectations for rupee depreciation. The currency will likely open around 95.75 to 95.80 per dollar, traders said, marginally higher than its close at 95.8150 in the previous session. Brent was hovering arou...
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