Rupee sidesteps gains in Asian peers as deprecation bias lingers

The Indian Rupee ended almost flat on Thursday. Dollar demand from importers kept the currency in check. Positive regional market trends offered some support. Traders expect the Rupee to trade within a narrow band. The Reserve Bank of India has been intervening to support the currency. Indian equities saw a decline. Global markets are awaiting Federal Reserve comments.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *