Fed cut certainty, tariff worries keep rupee boxed in
The Indian rupee is likely to open flat on Monday, as traders balance certainty around a Federal Reserve rate cut with ongoing headwinds from U.S. trade tariffs. The currency hit a record 88.4550 last Thursday, pressured by weak exporter hedging, possible outflows, and tepid portfolio flows, while importer hedging capped any rupee rebound.