The Indian rupee jumped to a near-two-month high against the dollar, helped by corporate dollar inflows following a long weekend and strong local shares. The rupee was expected to remain under pressure today on U.S. President Trump’s statement on India trade tariff, but corporate dollar inflows after yesterday’s holiday and foreign portfolio flows helped the unit to recover. Rally in local shares and lack of reports of further escalation in tensions between India and Pakistan relations drove traders to cut their long dollar positions, triggering stop losses.