💨 Abstract

The Indian rupee is expected to remain under pressure on Monday due to the strong U.S. dollar, which is near a two-year peak. Traders will observe if the Reserve Bank of India continues its interventions near 85.80 to cap the currency's decline. The rupee is projected to depreciate further, according to analysts, with any retracement towards 85.40 used to hedge imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖