The Indian rupee may rise more on Wednesday, aided by the U.S. dollar's broad decline in the lead-up to the crucial U.S. inflation data.
Non-deliverable forwards indicate rupee will open at around 82.32-82.34 to the U.S. dollar compared with 82.3650 on Tuesday.
The local currency is on a two-day winning run that has helped it remain within the 81.80-82.80 band that is seen as a near-term range by market participants. Data due later in the day is expected to show that both headline and core U.S. consumer price index rose 0.3% month-on-month in June, per a Reuters poll of economists. On a year-on-year basis, headline CPI is expected to climb 3.1% and core by 5%.
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