The rupee is recovering after the index rebalancing, traders are cutting their long positions on the US dollar

The Indian rupee rose against the US dollar on Tuesday, falling in three days as index rebalancing inflows and shortened dollar longs improved sentiment in thin year-end trading.The rupee ended 0.2% higher at 89.79 per dollar at 89.9325 after opening. The price remained within range all morning and had settled at 89.9750 on Monday. “The […]