💨 Abstract

The Indian rupee weakened slightly on Wednesday due to dollar demand in the non-deliverable forwards market and regional currency weakness, including the Chinese yuan. Despite this, the rupee has outperformed major Asian peers this month due to dollar inflows from corporate profits and foreign portfolio investments. Traders are cautious about U.S. tariff policies, with reciprocal trade levies expected to be announced on April 2.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖