Rupee opens stronger at 89.85 per dollar
The rupee opened a bit higher at 89.85 per US dollar, up 13 paise from yesterday.
This comes just before the RBI's big policy update and as inflation in India cools off a little.
Earlier drops below 90 were blamed on uncertainty over US trade deals and global economic worries.
Why does this matter?
When the rupee moves, it affects prices of imports, exports, and can even influence your shopping bills as a general economic principle.
With inflation now at a two-month low, experts think RBI might cut interest rates—this is generally good news for borrowers, but it could also mean some investors look elsewhere if returns drop.
What's behind these moves?
Even though the rupee hit recent lows, analysts say it's actually undervalued right now—which could tempt foreign investors back to Indian markets and help steady things.
Expect the rupee to hover between 89.80 and 90.20 for now, with RBI likely stepping in if needed to keep things calm.