Market Report

Forex market

Sentiment: Improving

• The rupee rebounded from early lows to end marginally higher at 45.4000/4050 per dollar on Tuesday, helped by FDI and exporter remittances.
• Forward premiums edged up as more banks transacted sell-buy swaps amid a growing view that a cash dollar shortage at the month-end was unlikely in January.

Outlook:

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Continued foreign exchange inflows is expected to help maintain the rupee's firm trend.