💨 Abstract

The Indian rupee had its worst day in three weeks on Tuesday, falling 0.6% to 87.21 against the US dollar due to dollar demand from importer hedging, NDF contract expiry, and regional peer weakness. The rupee recovered slightly due to likely RBI intervention. The dollar index recovered, Asian currencies weakened, and risk appetite declined as U.S. tariff worries returned. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖