The US Dollar Indian Rupee (USD/INR) exchange rate is trading -0.12% on Tuesday at 73.47, wiping out small gains from the previous session.
The Indian Rupee is pushing higher as domestic equity markets sell off and oil holds steady. Risk aversion is dominating the financial markets as fears grow over the rising number of covid cases globally, and particularly in Europe.
The US Dollar in demand on the back of safe haven flows. Investors will now turn towards testimonies from Federal Reserve Jerome Powell and US treasury Secretary Steven Mnuchin, who are expected to pressurise US lawmakers over fiscal stimulus.