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Indian Rupee and Bonds Face Oil and Rate Pressures

Indian rupee and government bonds face selling pressure amid elevated oil prices and rising rate hike bets. US economic data and central bank actions will drive market direction.

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A roadside currency exchange vendor counts notes in New Delhi, India, February 10, 2025. REUTERS/Priyanshu Singh

India's rupee and government bonds face renewed pressure from elevated oil prices and rising rate-hike bets. The rupee closed Friday at 95.8150 per dollar, holding steady amid mounting external headwinds.
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