💨 Abstract

The Indian rupee consolidated on Tuesday, closing at 85.19 against the US dollar, a loss of 4 paise due to dollar short-covering by investors and recovery in crude oil prices. Positive domestic equities and foreign fund inflows supported the currency. Analysts expect the rupee to trade within 84.80-85.30, with the dollar index relatively oversold.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖