The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage and merchant payments pressured the currency, which retreated from an early peak. Traders noted increased dollar demand and triggered stop-losses on rupee bets.
The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage and merchant payments pressured the currency, which retreated from an early peak. Traders noted increased dollar demand and triggered stop-losses on rupee bets.
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