The Indian rupee is likely to stay cautious as greenback gains momentum ahead of Federal Reserve (Fed) Chair Jerome Powells speech later today at Jackson Hole for further clarity on Feds interest rate ...

Rupee declines against the US dollar amid rising dollar demand. Fed Powell's speech, oil prices, & FII inflows impact the market.

Ahead of the speech, dollar index has firmed up to 98.677 in the morning trade, as compared to 98.619 at the previous close.