India, Sept. 16 -- The rupee appreciated by 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors awaited signals from US–India trade talks in New Delhi, where US negotiator Brendan Lynch is meeting Indian officials.
Forex traders noted that the rupee has been under pressure from uneven capital flows and recent tariff shocks by US President Donald Trump.
To curb volatility, the Reserve Bank of India has reportedly increased its intervention in the offshore non-deliverable forward (NDF) market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....