The Indian rupee traded narrowly, supported by exporter dollar sales but weighed down by weaker Asian currencies and muted importer demand. The dollar/rupee pair remained range-bound between 85.70-86, lacking a clear directional impulse. Political uncertainty surrounding the Federal Reserve Chair added to market choppiness, while U.S. producer prices boosted expectations of a September rate cut.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets