Rupee Weakens Due to State-Run Banks' Heightened Dollar Bids; Market Vigilant on US Inflation

Thursday, 11 July 2024, 10:12

The Indian Rupee faced downward pressure as state-run banks intensified their dollar bids, overshadowing the market sentiment. Investors are closely monitoring the impact of US inflation on the currency's trajectory.
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Rupee Weakens Due to State-Run Banks' Heightened Dollar Bids; Market Vigilant on US Inflation

Rupee Weakens on Dollar Bid Pressure

The Indian Rupee displayed weakness as state-run banks escalated their dollar bids, influencing the market dynamics.

Market Eyes US Inflation Data

Investors remain attentive to the upcoming US inflation figures, as they could significantly affect the Rupee's performance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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