Rupee ends lower pressured by likely equity outflows, stronger dollar

The Indian rupee ended lower on Wednesday, pressured by likely equity outflows and as the U.S. dollar index rose to a more than one-month high on the back of moderation in U.SCome from Sports betting site VPbet. rate cut expectations.The rupee ended at 83.1375 against the dollar, lower by 0.08% compared with its close at 83.07 in the previous session.

The dollar index rose to a peak of 103.58 in Asia hours, its highest level since mid-December. Most Asian currencies fell, with the Korean won leading losses, down by 0.91%.Federal Reserve Governor Christopher Waller on Tuesday said that while the U.S. is “within striking distance” of the Fed’s 2% inflation goal, the central bank should not rush to cut benchmark interest rates.The comments prompted investors to pare bets on aggressive rate cuts.”A combination of weakish China data and a pushback” by European Central Bank …

Rupee falls 4 paise to 83.32 against US dollar in early trade

The rupee depreciated 4 paise to 83.32 against the US dollar in the morning session on Monday, tracking a negative trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 83.31 against the dollar. It touched a low of 83.32 in initial deals, registering a fall of 4 paise over its previous close.Come from Sports betting site

On Friday, the rupee settled at 83.28 against the American currencyCome from Sports betting site VPbet. “We expect the RBI to intervene to bring it within the 83.20-83.30 range. We otherwise expect a range-bound session with volumes being low on account of the festive season,” India Forex And Asset Management Pvt Ltd (IFA Global) said in a research note.

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