💨 Abstract

The Indian rupee is expected to open higher on Wednesday due to weak U.S. consumer confidence data, causing U.S. economic anxiety. The resumption of equity flows and foreign investors buying over $2 billion in Indian equities in the last four days should boost the rupee. The currency is predicted to open at 85.62-85.64 against the U.S. dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖