Rupee Depreciates 10 Paise to 90.15 Against US Dollar in Early Trade
AI Summary1 min read
TL;DR
The Indian rupee fell 10 paise to 90.15 against the US dollar in early trade due to strong demand from corporates and investors. Market awaits US Fed rate clarity, with the rupee expected to consolidate between 89.20-90.30.
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Indian rupeeUS dollarcurrency depreciationFederal Reserveforex market
The Indian rupee depreciated 10 paise to 90.15 against the US dollar in early trade on Tuesday, driven by strong dollar demand from corporates, importers, and foreign portfolio investors. Investors are awaiting clarity from the US Federal Reserve on interest rates before taking positions. The rupee is expected to settle into a consolidation range of 89.20-90.30.
