Overview

• The rupee rose eight paise to 85.58 per dollar in early trade on Tuesday before settling flat at 85.62 for a second straight session.
• Brent crude snapped a four-day slide to trade above $67 per barrel, placing upward pressure on the rupee.
• Analysts now project the currency to fluctuate between 85.45 and 85.95 as markets monitor progress in extended US-China trade negotiations.
• Foreign institutional investors poured nearly ₹2,000 crore into Indian equities on Monday, underpinning forex inflows and bolstering the rupee.
• Treasury strategists advise exporters to hedge near 85.95 and importers to buy around 85.45 after the RBI rate cut narrowed India’s interest-rate advantage.