Rupee set for modest uptick on possible inflows, wobbling dollar

Rupee set for modest uptick on possible inflows, wobbling dollar

The Indian rupee is poised to inch up at open on Thursday, supported by prospects of foreign equity inflows and a dollar that remains on the backfoot on account of U.S. tariff-related uncertainty. The 1-month non-deliverable forward indicated that the rupee will open at 85.62 to 85.64 against the U.S. dollar compared with 85.6775 in the previous session.

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