Rupee to edge lower at open, bearish tilt persists on weak flows

The Indian rupee is likely to open slightly lower and remain on the defensive on Tuesday, weighed down by weak portfolio flows and higher dollar demand in the non-deliverable forwards market, which traders say signals bearish positioning on the currency. The 1-month NDF shows the rupee may open at 90.12–90.14 per dollar, after Monday's 90.07 close.