Rupee's RBI-spurred relief rally to fade on Asia FX weakness, hedging
The Indian rupee is expected to weaken today, following Asian markets. The Reserve Bank of India’s intervention yesterday helped the rupee recover, but traders are watching for further action. The rupee faces pressure from global factors and importer demand. Asian currencies are also weak. The dollar index remains strong. Investors are focused on US-Iran talks for market direction.
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