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Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch

The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee forecasts, anticipating a stronger performance. Global markets saw stocks rise as oil prices eased, potentially curbing inflation.

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Economic TimesLean R·2h ago
Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch
The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee forecasts, anticipating a stronger performance. Global markets saw stocks rise as oil prices eased, potentially curbing inflation.
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Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch

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