In early trading today, the rupee saw an uptick against the US dollar, aided by the dollar’s weakness following an announcement from the US Treasury. The Treasury’s plan to significantly increase its buyback of longer-dated bonds contributed to this shift. However, persistent high crude oil prices are posing challenges for the rupee’s stability.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.