Japanese yen-led dollar pullback to offer mild support to rupee at open

  • Posted on July 22, 2025
  • By Yahoo News
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Japanese yen-led dollar pullback to offer mild support to rupee at open

MUMBAI (Reuters) -The Indian rupee is poised to open slightly higher on Tuesday, supported by a retreat in the dollar index that was largely triggered by a post-election rally in the Japanese yen. The 1-month non-deliverable forward indicated the rupee will open in the 86.20-86.22 range, versus 86.2925 in the previous session. Bankers attributed the decline to sustained dollar demand from importers and positioning in the non-deliverable forward (NDF) market.
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