Rupee may rise briefly on US trade deal optimism
The Indian rupee is poised to open higher on Wednesday, supported by upbeat risk appetite following progress on US trade deals, although traders expect the move to be short-lived based on recent price action. The 1-month non-deliverable forward indicated the rupee will open in the 86.34-86.36 range versus the US dollar, compared with the close of 86.4075 in the previous session.