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The rupee was poised to open higher on Tuesday as traders bet the Federal Reserve could opt for smaller interest rate hikes, with the dollar at a seven-month low. The local currency had closed at 82.36 on Monday, its best session in two months.
A firmer rupee lowers the local cost of dollar-priced imports for India, but this is routine currency commentary with no new fundamental cause for feed markets.
reuters.comNimesh VoraFeb 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
