💨 Abstract

The Indian rupee is expected to open higher on Friday, buoyed by renewed foreign investments in local equities and a decline in bearish market sentiment. The 1-month non-deliverable forward indicates the rupee will open at 85.68-85.72 versus the US dollar. Foreign investors have invested over $1.2 billion in Indian shares over the past six sessions, significantly impacting the currency.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖