The Indian rupee held steady as falling oil prices provided some relief, though traders remained cautious due to anticipated US Federal Reserve rate hikes. While policy measures have helped the rupee recover, the prospect of higher US interest rates poses a challenge. Analysts are closely watching the impact of these measures on dollar inflows, with some predicting significant amounts.
The Indian rupee remained stable, benefiting from lower oil prices, though traders are cautious due to anticipated US Federal Reserve rate hikes. While policy measures have aided its recovery, higher US interest rates pose a challenge, with analysts closely monitoring dollar…
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