08:33:48 AM IST, 06 Aug 2024
Stock Market LIVE Updates | Rupee may dip to near 84/USD on NDF dollar demand; RBI intervention likely
The Indian rupee is expected to open weaker on Tuesday, reaching an all-time low on dollar demand in the non-deliverable forward market, and slight trimming in for U.S. Federal Reserve rate cut expectations.
Non-deliverable forwards indicate the rupee will open at 83.97-83.99 to the U.S. dollar, slipping past Monday's close and lifetime low of 83.8450.