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Rupee remains well supported amid US tariff headlines lull
short by / on Wednesday, 16 April, 2025
The Indian rupee is likely to open flat to slightly higher on Wednesday, as the US dollar selloff pauses and tariff-related news eases. The 1-month NDF suggests an open at 85.74-85.78 vs Tuesday's 85.7725. The rupee has been volatile, rising to 84.96 before weakening to 86.70 amid strong importer dollar demand.