Rupee inches up in muted early trade; awaits inflation data, Fedspeak
Mon, Feb 12, 2024 2:54 PM

Rupee inches up in muted early trade; awaits inflation data, Fedspeak

A Flip by Avya Verma
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The Indian rupee increased slightly against the U.S. dollar on Monday as most Asian markets were closed. Investors are waiting for inflation data from India and the U.S. to determine when the Fed may cut rates. The rupee is expected to stay within a small range, while investors wait for more solid support for appreciation.

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