Rupee gains as dollar slips; focus on RBI FX swap

The Indian rupee is set to draw support from the dollar's slide to a more than two-month low at Wednesday's open, while attention will turn to forward premiums after the Reserve Bank of India unveiled a $10 billion dollar-rupee swap. The 1-month NDF suggests the rupee may open at 89.50-89.60 against the dollar, compared with Tuesday`s close of 89.65.

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