Economic TimesLean R·
Rupee hits near three-week low at 95.24 vs USD as Asian currencies drop on Fed, Iran war caution
The Indian rupee hit a near three-week low on Wednesday, mirroring declines in Asian currencies. Investors grew cautious ahead of U.S. Federal Reserve Chair's remarks and uncertainty surrounding U.S.-Iran negotiations. Despite falling oil prices and measures to boost dollar inflows, analysts anticipate no significant rupee recovery in the coming year due to central bank liabilities and subdued foreign portfolio inflows.
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