Indian Rupee Steadies on Lower Oil and Inflows
The Indian rupee traded modestly higher on Friday, steadied by portfolio inflows and lower oil prices. The currency remained on track for a weekly decline as investors assessed domestic interest rates following global central bank decisions.
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The India rupee rose 0.1% to 95.78 per dollar on Friday morning, supported by portfolio inflows and lower oil prices. The currency remained on track for a weekly decline as investors assessed domestic interest rate risks. Global central bank decisions this week have driven shifts across currency markets.
