💨 Abstract

The Indian rupee is expected to open slightly higher on Tuesday due to anticipated dollar inflows and a rally that has reached its year-to-date high. The increase is attributed to intercompany borrowings and repatriation of accumulated profits during the final month of India's fiscal year, March. The rupee's rally has surprised many, with paring of bearish positions and foreign investor return playing significant roles.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖