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Rupee little changed as traders tread gingerly with eye on oil, dollar

The Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw gains as Fed rate hike expectations eased. Renewed Middle East tensions kept traders cautious about directional positions in the currency. Analysts remain constructive on the rupee, citing Reserve Bank of India measures. India will report inflation data next week, with rate hikes anticipated.

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Economic TimesLean R·2h ago
Rupee little changed as traders tread gingerly with eye on oil, dollar
The Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw gains as Fed rate hike expectations eased. Renewed Middle East tensions kept traders cautious about directional positions in the currency. Analysts remain constructive on the rupee, citing Reserve Bank of India measures. India will report inflation data next week, with rate hikes anticipated.
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Rupee little changed as traders tread gingerly with eye on oil, dollar

How 1 sources are covering this

Rupee little changed as traders tread gingerly with eye on oil, dollar

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