Rupee seen modestly firmer as oil and US yields ease
India’s rupee is expected to open modestly stronger Tuesday, supported by lower crude oil prices and softer long-dated US Treasury yields, though importer hedging demand is seen capping gains.
The rupee is expected to open modestly stronger on Tuesday, supported by a decline in crude oil prices and long-dated US Treasury yields that has improved risk sentiment. Importer hedging demand is seen limiting gains for the currency. 6 billion.