💨 Abstract

The Indian rupee is expected to open higher on Wednesday due to heavy intervention by the central bank, which has sold an estimated $8-11 billion worth of dollars to stabilize the currency. The recovery is also aided by a muted reaction to U.S. President Donald Trump's latest tariffs and firm U.S. risk appetite. The dollar index has dropped 0.4% to below 108.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖