USD/INR trades flat at open ahead of US-Iran talks, FOMC Minutes

The Indian Rupee (INR) opened flat against the US Dollar (USD), trading near Monday's low of around 90.80. This position comes as markets remain cautious, awaiting the results of US-Iran diplomatic talks and the release of the FOMC Minutes. The FOMC minutes are particularly anticipated as they may provide important insights into interest rate policies amid ongoing economic activity and inflation concerns. As both events unfold, they are likely to significantly influence market volatility. The sensitive nature of the INR's performance at this juncture suggests that positive or negative outcomes from these discussions could create shifts in trading sentiment. However, the lack of a clear trend necessitates careful monitoring of market movements.