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Yuan recovery in lead-up to Trump's inauguration to help rupee - REUTERS

JANUARY 20, 2025

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MUMBAI, Jan 20 (Reuters) - The Indian rupee is likely to kick off a pivotal week on a slightly positive note, assisted by the recovery of the Chinese yuan in the lead-up to Donald Trump's inauguration.
The 1-month non-deliverable forward indicated that the rupee will open at 86.50-86.52 to the U.S. dollar on Monday, compared with its close of 86.61 in the previous session.
Hopes of U.S.-China negotiations lifted the offshore yuan by 0.2% to 7.3220 per dollar, after the currency slipped past 7.36 last week.

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