The Indian Rupee spot traded on a flat note in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood.
Investors fear that Trump’s failure to repeal Obamacare may mean his pro-growth tax reform policies would hit a roadblock. On the contrary, domestic markets i.e. Sensex and Nifty traded in green amid rebound in global markets. Today, USDINR spot is likely to depreciate following mixed trading in Asian market equities