November 29, 2022

Rupee slips on safe-haven greenback demand, Fed minutes in

Rupee slips on safe haven dollar demand Fed minutes in

Rupee slips on safe haven dollar demand Fed minutes in

The Indian rupee declined towards the US forex on Monday, weighed by the greenback index’s bounce and the Chinese language yuan’s weak spot.

The rupee final traded at 81.84 to the greenback, down from 81.6850 on Friday. The native unit held a slender 81.75 to 81.90 vary throughout the session.

It may very well be a “moderately” quiet week until there’s a huge shock from the Fed minutes, which is kind of unlikely, a spot dealer at a personal financial institution stated.

It appears to be like like 81-83 would be the broad vary for the rupee with the…

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