Economic TimesLean R·
Rupee snaps six-session winning streak as firmer dollar pinches
The Indian rupee slipped on Monday, snapping its six-day upward trend due to the strengthening dollar worldwide. While falling oil prices eased some apprehensions related to conflicts, the Federal Reserve's assertive monetary policy continues to support the dollar. Consequently, traders are bracing for further upticks in U.S. interest rates, which is hindering the rupee's potential recovery, despite initiatives to boost dollar inflows.
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