Economic TimesLean R·
Rupee's forex boost fades fast, may trade at 96 levels
The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's intervention helped limit further depreciation of the currency. Global factors like oil prices and investor flows will guide the rupee's near-term direction. Market participants await US inflation data for further currency market insights.
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