Australian Dollar (AUD) is outperforming peers after the RBA left rates unchanged at 3.60% and signaled a high bar for further cuts, with futures trimming near-term easing bets, BBH FX analysts report.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the third successive session and trading around 97.90 during the Asian hours on Tuesday.
The Indian Rupee (INR) opens on a flat note around 88.90 against the US Dollar (USD) on Tuesday. Still, the USD/INR pair is close to its all-time high of 88.12 posted last week.