Indian rupee rally faces test as AI-related market jitters ease
The Indian rupee’s recent rally could face a test as easing AI-related market jitters potentially slow diversification flows into Indian assets. Traders expected the currency to open at 93.92–93.98 per dollar, compared with Friday’s close of 93.9050. The rupee gained more than 1% last week, supported by increased foreign equity inflows and lower oil prices.