💨 Abstract

The Indian rupee is expected to open flat to marginally higher against the U.S. dollar on Friday, driven by dollar sales by foreign banks. The rupee has appreciated by 0.7% this week, making it the leading major Asian currency in March. Despite this upward trend, a currency trader predicts limited legs for the rupee, with 86 being the absolute floor for the dollar/rupee pair.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖