💨 Abstract

The Indian rupee recovered slightly from an all-time low against the US dollar on Tuesday, due to a recovery in domestic markets and suspected RBI intervention. Traders are cautious ahead of the US presidential election and the Federal Reserve's monetary policy announcement this week. The rupee is expected to trade with a negative bias due to FII outflows and US dollar strength, but a recovery in the domestic markets and RBI intervention may support it.

Courtesy: theprint.in