💨 Abstract

The Indian rupee is expected to open slightly higher on Wednesday, tracking gains in Asian peers. However, it may face demand for the US dollar from importers and speculators. The direction of Asian currencies is uncertain due to potential tariff changes by the US under Trump's presidency. Outflows from Indian equities and increased hedging are also putting pressure on the rupee.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖