Rupee Slips as Dollar Demand Weighs
The Indian rupee edged lower on routine importer dollar demand while forward premiums dropped after recent regulatory changes. Traders awaited upcoming remarks from Federal Reserve Chair Kevin Warsh for monetary policy direction.
The India rupee slipped to 95.5625 per dollar during Friday morning trade, weighed down by routine month-end importer demand. The currency traded in a narrow range of 6 paisa, extending a persistent pattern of low volatility.
