Rupee Appreciates Vs Dollar As US-China Talks Continue, What Lies Ahead?

Rupee Appreciates Vs Dollar As US-China Talks Continue, What Lies Ahead?

Rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders.

Rupee Opens Flat Against Dollar Amid US-China Talks Uncertainty

The Indian rupee opened flat at 85.62 against the US dollar on Tuesday, in comparison to its previous close of 85.63 on Monday. This comes amid various global and domestic economic factors influencing the currency markets.Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP, provided insights into the day's trading range and hedging strategies. According to him, the rupee is expected to trade in a range of…