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Pause in dollar rally offers relief to rupee after 86 breach - REUTERS

JULY 18, 2025

MUMBAI, July 18 (Reuters) - The Indian rupee is set to open higher on Friday, tracking a broader recovery in Asian peers and supported by a pause in the U.S. dollar index's near-term uptrend.

The 1-month non-deliverable forward indicated an open in the 86.00-86.02 range versus 86.0750 on Thursday, marking the rupee's first sub-86 finish in nearly a month.

"Asia will help (the rupee) at the open. However, I'd fade any downside (on USD/INR)," a currency trader at a bank said.

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