Economic TimesLean R·
Indian rupee slips on importer bids, far forward premiums ease to one-month low
On Thursday, the Indian rupee ended slightly lower against the dollar, impacted by continuous demand from importers hedging their positions. While falling oil prices helped bolster market sentiment, the rupee has enjoyed recent appreciation thanks to central bank interventions. Analysts are now forecasting possible interest rate increases by the Reserve Bank of India in the near future.
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