Market News
Rupee recovery to fade on yuan weakness, Trump worries - REUTERS
By Nimesh Vora
MUMBAI, Jan 27 (Reuters) - The Indian rupee, following last week's relief rally, is expected to decline on Monday, weighed by the dip in the Chinese yuan and persisting worries over U.S. President Donald Trump's trade policies.
The 1-month non-deliverable forward indicated that the rupee will open at near 86.30 to the U.S. dollar compared with Friday's close at 86.2050.
The Indian currency climbed 0.5% last week, its best weekly performance in nearly one-and-a-half years, on relief that Trump did not impose tariffs immediately on taking office.
