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Rupee poised to recover as dollar dips after US tariff delay
short by / on Tuesday, 4 February, 2025
The Indian rupee is poised to recover on Tuesday, boosted by the dollar's decline after US President Donald Trump delayed tariffs on Canada and Mexico by a month. The 1-month non-deliverable forward indicated that the rupee will open at 86.96 to the US dollar, up from 87.1850 in the previous session.