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Rupee to rise amid dollar swings on Trump tariff news flow - REUTERS

JANUARY 21, 2025

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MUMBAI, Jan 21 (Reuters) - The Indian rupee is poised to open higher on Tuesday amid swings in the U.S. dollar, spurred largely by the news flow and headlines related to U.S. President Donald Trump's tariff plans.

The 1-month non-deliverable forward indicated that the rupee will open at 86.36-86.38 to the dollar, compared with its close of 86.5675 in the previous session.

At one point in the Asia session, the dollar index dropped to a two-week low of 107.86 amid news that Trump's new administration will not immediately impose trade tariffs.

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