Economic TimesLean R·
Rupee closes at 95.21 vs USD, falls on-week as merchant, NDF-linked flows blunt dollar retreat
The Indian rupee experienced a slight uptick on Friday, yet ended the week on a weaker footing due to overwhelming dollar demand driven by various market activities. Despite a rise in positive sentiment linked to a projected balance of payments surplus and new foreign inflows, pressures from maturing non-deliverable forward positions and large-scale merchant payments hampered its progress.
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