Rupee Faces Pressure From Oil And US Yields
The Indian rupee faces headwinds from climbing oil prices and higher US Treasury yields following strong economic data. Meanwhile, the Reserve Bank of India maintains that current market dynamics do not reflect underlying economic strength.
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The India rupee faces headwinds on Thursday from rising oil prices and a firmer dollar driven by growing United States rate expectations. Central bank intervention is expected to limit losses near the 96 handle, traders said.
