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Rupee retreats to near two-week low, closes at 95.43 vs USD as US-Iran standoff pushes oil higher
The Indian rupee tumbled to a two-week low on Tuesday as surging oil prices and waning optimism regarding a U.S.-Iran deal pressured the currency. The Reserve Bank of India stepped in to mitigate the rupee's decline, yet both the Nifty 50 and benchmark bonds experienced downturns. Attention is now on the impending inflation reports from India and the U.S. for further market cues.
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economictimes.indiatimes.com
Rupee retreats to near two-week low, closes at 95.43 vs USD as US-Iran standoff pushes oil higher
The Indian rupee tumbled to a two-week low on Tuesday as surging oil prices and waning optimism regarding a U.S.-Iran deal pressured the currency. The Reserve Bank of India…
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thehindubusinessline.com
Rupee retreats to near two-week low as US-Iran standoff pushes oil higher
Rupee slipped to its weakest level in nearly two weeks on Tuesday as oil prices jumped on fading hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz.