Dollar hits 1-month high; rupee holds steady at 85.82
The US dollar climbed 1.1%, reaching a one-month high, while the rupee held steady at 85.82. Analysts say India's robust forex reserves and potential foreign inflows may cushion the rupee against near-term pressure. Clarity on US Federal Reserve policy is expected to drive future rupee movements, according to IFA Global's Abhishek Goenka.