Rupee to stay near 90 amid weak sentiment despite dollar dip

The Indian rupee is expected to remain near the 90 per dollar level at open on Wednesday, with fragile sentiment and skewed flows likely to overshadow any relief from a softer US currency. The 1-month non-deliverable forward indicated the rupee will open in the 89.86-89.92 range versus the US dollar, having weakened 0.4% on Tuesday to 89.87.