Ella 
The Indian rupee (INR) weakened slightly on Tuesday after closing higher for the ninth consecutive session in the previous session. Continued selling of the US dollar (USD) by foreign banks and signs of recovery in foreign capital inflows provided some support to the Indian currency, helping the rupee to recover all its losses so far in 2025.
However, rising crude oil prices may exert some selling pressure on the local currency. It is worth noting that India is the world’s third largest oil consumer and rising crude oil prices tend to have a negative impact on the value of the Indian rupee. Traders were awaiting Federal Reserve speech, as well as the Conference Board’s consumer confidence index, new home sales and the Richmond Fed manufacturing index, which are due later on Tuesday.
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