Key Points
MUMBAI, July 11 (Reuters) - The Indian rupee rose for a second straight session against the U.S. dollar on Tuesday, mirroring similar moves in Asian peers, as risk appetite in the region rose on fresh bets of the Federal Reserve nearing the end of its rate tightening cycle...
The currency gained 0.25% on the day, adding to Monday's 0.2% rise.. Tuesday's gain is the local currency's best daily performance since June 16.. The rupee is likely to find some resistance near the 82.00-82.20 levels, said Jigar Trivedi, senior research analyst - currencies and commodities at Reliance Securities...
Asian shares also ended higher after U.S. equities halted a three-day losing streak on Monday.. The dollar index dropped to an over two-month low of 101.67 on Tuesday, ahead of the crucial U.S. inflation data due on Wednesday..
The dollar-rupee far forward premiums rose, tracking a fall in U.S. yields, with the one-year implied yield ending 3 bps higher at 1.64%...
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