Rupee risks slipping past support after US inflation lifts dollar

The Indian rupee may weaken past a near-term support level on Wednesday after US inflation data lifted the dollar to a near one-month high, despite doing little to shift expectations on the Federal Reserve's policy path. The 1-month non-deliverable forward indicated the rupee will open in the 90.26-90.30 range versus the US dollar, having settled at 90.19 on Tuesday.