<ul data-eligibleForWebStory="false"><li>The Indian rupee opened 2 paise stronger against the US dollar, standing at 85.97 on Tuesday, following pressure from foreign fund outflows and stalled progress on the India-US trade deal.</li><li>Market participants in the United States are gearing up for earnings reports from major banks and crucial inflation data.</li><li>The Bloomberg Dollar Spot Index showed minimal movement, with major currencies holding steady. The Indian commerce ministry delegation is in Washington for BTA discussions.</li><li>Domestically, wholesale price inflation turned negative for the first time in 19 months in June, mainly due to deflation in food articles and fuel, along with reduced manufactured product costs.</li></ul>

Rupee Opens Marginally Stronger Against US Dollar

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