The Indian rupee was barely changed to the U.S. dollar on Tuesday despite its weak Asian peers, on expectations that the local currency remained well supported at near to current levels.
The rupee was at 82.7475 to the dollar at 10:08 a.m. IST, almost unchanged from 82.7225 in the previous session.
The offshore Chinese yuan was down 0.3% to the dollar, the Thai baht declined 0.6% and the Indonesian rupiah fell 0.2%.USD/INR is in a narrow range and with no major economic releases in store for the next few days, this is unlikely to change, said Srinivas Puni, managing director at QuantArt Market Solutions.
The minutes of the Federal Reserve's latest policy meeting can change this if they deviate from what the central bank officials have been saying, Puni added.
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