The Indian rupee is poised to open weaker on Wednesday, as a deteriorating risk backdrop and high oil prices reinforce the currency's underlying negative near-term bias.
The rupee is expected to open in the 95.75 to 95.80 range, traders said, compared with 95.68 on Tuesday. Brent crude is nearing $92 a barrel, while high U.S. Treasury yields are weighing on risk appetite.
