Indian Rupee Under Pressure as RBI Support Flows Dry Up
The rupee faces pressure today as central bank support flows dry up. High oil prices and foreign equity sales weigh on the value of the Indian currency.
Xurve View
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Xurve View
The currency of India is bracing for a challenging session as the temporary support provided by recent regulatory changes begins to dissipate. Market analysts expect the rupee to open relatively flat following a settlement of 92.6575 per dollar on Thursday, a day that marked the end of a four-session winning streak.
