The Indian rupee remained steady on Monday, supported by central bank intervention. Rising oil prices and concerns over energy flows also influenced currency markets. The Reserve Bank of India sold dollars to maintain the rupee's value. Traders anticipate Federal Reserve rate hikes after recent labor data. Market focus now shifts to upcoming inflation data releases.
The Indian rupee remained steady on Monday, supported by central bank intervention. Rising oil prices and concerns over energy flows also influenced currency markets. The Reserve Bank of India sold dollars to maintain the rupee's value. Traders anticipate Federal Reserve rate hikes after recent labor data. Market focus now shifts to upcoming inflation data releases.
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