The Indian rupee is likely to open higher on Wednesday as expectations that the U.S. Federal Reserve will not raise interest rates further diminished demand for the dollar.
Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar compared with 83.2450 in the previous session.
The dollar index was down to 105.74 and the Korean won led Asian currencies higher. Brent crude was hovering near $88 per barrel.
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