Ella 
The Indian rupee continued to come under pressure on Tuesday after depreciating to a record low in the previous session. Disappointing Indian macroeconomic data, continued foreign fund outflows and resurgent demand for green coins continue to weigh on the local currency. U.S. President-elect Donald Trump on Saturday threatened to impose 100% tariffs on BRICS countries if they adopt measures that undermine the U.S. dollar (USD). This, in turn, will weigh on the Indian rupee against the US dollar.
However, the downside for the Indian rupee may be capped following routine intervention by the Reserve Bank of India (RBI). Traders will be closely watching U.S. JOLTS job openings for October, which will be released later on Tuesday. The Federal Reserve’s Adriana Kugler and Austan Goolsbee will also speak. On Friday, the Reserve Bank of India (RBI) interest rate decision and US non-farm payrolls for November will be in focus.
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