Rupee pressured as Fed hike outlook compounds oil strain
Traders expect USD/INR to open marginally weaker, with risk of slipping past 96 later Wednesday after a likely Federal Reserve rate hike, amid high oil prices.
The Indian rupee is likely to stay under pressure on Wednesday, with a Federal Reserve rate hike later in the day adding to the strain from elevated oil prices. Traders said the rupee FX_IDC:USDINR is expected to open marginally weaker and risks slipping past the 96 mark after…