Rupee poised to weaken on dollar's post-Fed rally, risk aversion
The Indian rupee is poised for a weaker open on Monday, pressured by a post-Federal Reserve decision dollar rally and soft risk sentiment denting demand for the currency. The 1-month non-deliverable forward indicated the rupee will open in the 88.18 to 88.22 range versus the US dollar, compared with 88.09 in the previous session.