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Rupee may weaken on higher crude oil prices, risk aversion in markets; USDINR pair will trade in this range

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[ad_1] Indian Rupee Amid higher crude oil prices, a firmer US dollar and risk aversion in domestic markets, further downside is likely on Wednesday. Today the focus will be on manufacturing PMI numbers from US, Euro zone and UK. Better-than-expected economic data could boost gains for the dollar, according to experts. In the previous session, the rupee closed at its all-time low against the US currency as a rise in US bond yields reduced the appeal of riskier assets. Fall in domestic equities, higher crude oil prices and foreign currency…