💨 Abstract

The Indian rupee has surged over the last 10 days, driven by foreign portfolio inflows and corporate dollar repatriation. However, traders and analysts are skeptical about further gains due to the rupee's vulnerability to potential U.S. tariffs. Some strategists believe the rupee may still have room to extend its gains, having broken below its 100-day moving average.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖