💨 Abstract

The Indian rupee is expected to continue its downward spiral on Tuesday, despite a pause in the U.S. dollar's rally and a recovery in other Asian currencies. The rupee is set to open at a new record low of 86.60 to the U.S. dollar, due to the dollar's overall strength, the possibility of India's central bank cutting interest rates, increased currency volatility, and rising oil prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖