Economic TimesLean R·
Rupee drifts as oil dips; hawkish Fed risks, importer flows cap gains
The Indian rupee held steady as easing U.S.-Iran tensions lowered oil prices, boosting sentiment. However, anticipation of potential U.S. Federal Reserve rate hikes kept traders watchful. Importer demand also capped rupee gains. Despite a roadmap for a U.S.-Iran deal, analysts suggest Asian currencies may face continued pressure from a strong dollar and the need for tighter monetary policy.
Read at Economic Times →
