💨 Abstract

The Indian rupee rebounded on Tuesday, gaining 13 paise to close at 87.19 against the US dollar, due to a weak American currency index and a sharp drop in crude oil prices. However, the gain was capped by a weak domestic equity market and continued foreign capital withdrawal. The rupee was expected to trade within the range of 86.80 to 87.70 in the near term.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖