Rupee rises on residual equity index rejig inflows, sidesteps weak Asia FX

The Indian rupee strengthened to a three-week high of 84.23 against the US dollar on Tuesday, buoyed by inflows from MSCI's index rejig. This rise occurred despite Trump's tariff threats impacting Asian currencies and the US dollar's gains. The RBI's intervention last week and expected vigilance are key factors supporting the rupee's resilience.