Rupee rally may stall as yuan drags Asian currencies lower

The Indian rupee's winning run is likely to halt on Tuesday, pressured by a drop in Asian currencies stoked by the Chinese yuan and the local currency's failure to breach a key resistance level. The 1-month non-deliverable forward indicated that the rupee will open at 85.22-85.24 to the US dollar, compared with its previous close of 85.1275.