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- Indian Rupee remains relatively quiet ahead of the FOMC meeting.
- A pullback in US Treasury bond yields and lower oil prices lift the Indian Rupee on Tuesday.
- Federal Open Market Committee’s (FOMC) interest rate decision will be closely watched by traders.
Indian Rupee (INR) trades sideways on Tuesday amid multiple challenges. A pullback in US Treasury bond yields and lower oil prices lifts INR on the day. Nonetheless, the challenges from the Middle East geopolitical tension might boost safe-haven assets like the Greenback and act as a tailwind for the USD/INR pair.
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