Rupee to Hold Range on Inflows as Bonds Watch Oil
The Indian rupee is expected to remain stable this week supported by strong capital inflows and central bank intervention. Meanwhile government bonds face headwinds from rising oil prices and U.S. yields.
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India's rupee traded near 95.6950 per dollar ahead of month-end derivative settlements, supported by $73 billion in capital inflows. The currency held steady after intervention from the Reserve Bank of India. Central bank reserves remain near record highs, buffering the domestic currency against external pressures.
