Rupee Outlook: Upward Bias Amid Dollar Weakness

  Published 1 year ago

The Indian rupee is expected to open steadily, but trade has an upward bias due to ongoing concerns about US trade and fiscal policies weakening the dollar. Analysts predict fluctuations between 84.60 and 85.30, with dollar bids potentially met with selling pressure.

  • Dollar weakening fuels demand for hedging.
  • Oil company bids may limit rupee gains.
  • FIIs bought shares and sold bonds recently.

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