Economic TimesLean R·
Rupee slips as tepid stocks dull boost from firmer Asian peers
The Indian rupee edged lower against the dollar on Monday, despite positive sentiment from a US-Iran de-escalation and gains in Asian currencies. A dip in local stock markets, with the Nifty 50 falling 0.4%, overshadowed these boosts. Increased dollar demand from foreign banks also pressured the rupee. Investors are closely watching US economic data, particularly the upcoming jobs report, for clues on potential Federal Reserve rate hikes later this year.
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