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Asia

Rupee cushioned by state-run bank dollar offers as futures expiry bites

Markets-Economic Times · 1h ago · 🇮🇳 India

Rupee cushioned by state-run bank dollar offers as futures expiry bites

The Indian rupee strengthened on Wednesday as banks sold dollars. Dollar demand from futures expiry exerted some pressure on the currency. Oil prices climbed nearly four percent after recent sharp declines. Traders watched for the US Federal Reserve's monetary policy decision. Markets anticipate the Fed will likely keep interest rates unchanged.

Read the full story at Markets-Economic Times →

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